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H.C. Wainwright Thinks US Gold’s Stock is Going to Recover

In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on US Gold (USAUResearch Report), with a price target of $11.00. The company’s shares closed last Tuesday at $4.07, close to its 52-week low of $3.50.

According to TipRanks.com, Ihle ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -13.4% and a 26.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Tanzanian Royalty Exploration, and Northern Dynasty Minerals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for US Gold with a $11.00 average price target.

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Based on US Gold’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $4.34 million. In comparison, last year the company had a GAAP net loss of $3.7 million.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of USAU in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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