US Gold (USAU) Receives a Rating Update from a Top Analyst
H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on US Gold (USAU) today and set a price target of $19.50. The company’s shares closed last Friday at $8.52.
According to TipRanks.com, Ihle is a top 25 analyst with an average return of 34.9% and a 66.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for US Gold with a $19.50 average price target.
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Based on US Gold’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $752.2K. In comparison, last year the company had a GAAP net loss of $1.49 million.
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U.S. Gold Corp. is an exploration stage company, which engages in the exploration and development of mineral properties. Its projects includes Keystone and Copper King. The company was founded in 1967 and is headquartered in Elko, NV.