H.C. Wainwright Reaffirms Their Buy Rating on US Gold (USAU)

By Ryan Adsit

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on US Gold (USAUResearch Report) today and set a price target of $17.50. The company’s shares closed last Tuesday at $8.56.

According to TipRanks.com, Ihle is a 5-star analyst with an average return of 23.1% and a 58.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Northern Dynasty Minerals, First Majestic Silver, and Golden Star Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for US Gold with a $17.50 average price target.

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Based on US Gold’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $957.1K. In comparison, last year the company had a GAAP net loss of $1.31 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.