Gold prices cool after hitting over 2-week high on Fed independence fears
Investing.com - Roth/MKM raised its price target on US Gold Corp. (NASDAQ:USAU) to $19.00 from $18.00 on Monday, while maintaining a Buy rating on the stock. The new target falls within the broader analyst range of $15.00 to $23.50, with InvestingPro data showing the stock has already delivered an impressive 93.8% return over the past year.
The research firm made the adjustment following US Gold Corp.’s filing of its fiscal year-end 2025 financial results on July 29, 2025, which Roth/MKM described as "uneventful." According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 10.1 and holds more cash than debt on its balance sheet.
Despite the uneventful financial results, Roth/MKM noted that the company remains on track with its development timeline, specifically highlighting plans to begin construction in early 2026.
The price target increase represents a $1.00 upward revision from the previous target of $18.00, reflecting continued confidence in the company’s execution of its development plans.
US Gold Corp. is a gold exploration and development company focused on properties in the United States, with the construction timeline being a key factor in Roth/MKM’s valuation assessment.
In other recent news, U.S. Gold Corp has announced several noteworthy developments. The company has successfully raised $7.3 million from the exercise of previously issued warrants, significantly reducing the number of outstanding warrants. This financial boost comes as U.S. Gold Corp qualifies for inclusion in the Russell 3000 and Russell 2000 indexes, effective after the market opens on June 30, 2025. These indexes include the largest U.S. public companies by market capitalization and focus on small-cap companies, respectively.
In addition, H.C. Wainwright has increased its price target for U.S. Gold Corp to $15, up from $14, while maintaining a Buy rating on the stock. This upgrade reflects confidence in the advancements at the CK Gold Project, where new flotation technologies are being tested to enhance recovery rates and reduce costs. The company is also evaluating continuous filtration equipment, which has shown promising results for dry-stack tailings placement. These efforts are part of the preparation for a Feasibility Study set to begin soon, with equipment selection for plant optimizations expected in the third quarter of 2025.
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