Bullish indicating open at $55-$60, IPO prices at $37
Director Luke Anthony Norman of U.S. Gold Corp (NASDAQ:USAU) sold 49,917 shares of common stock on August 9, 2025, at a price of $12.02, for a total value of $600,002. The stock, which has surged over 145% in the past year and currently trades at $12.46, has caught analysts’ attention with price targets ranging from $15 to $21.50.
On the same day, Norman also acquired 100,000 shares of U.S. Gold Corp at a price of $6.00, for a total value of $600,000. Norman also exercised a warrant to purchase 100,000 shares of U.S. Gold Corp. common stock for $6.00 a share. The reporting person paid the exercise price on a cashless basis, resulting in the Company withholding 49,917 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 50,083 shares.
Following the transactions, Norman directly owns 439,810 shares of U.S. Gold Corp.
In other recent news, US Gold Corp. has reported its fiscal year-end 2025 financial results, which Roth/MKM described as "uneventful." Following this, Roth/MKM raised its price target for the company to $19, maintaining a Buy rating. Additionally, H.C. Wainwright increased its price target for US Gold Corp. to $15, up from $14, while also retaining a Buy rating. This optimism from H.C. Wainwright is attributed to the advancements at the CK Gold Project, including alternative flotation technologies and continuous filtration equipment, which are expected to improve recovery rates and reduce costs.
In another development, US Gold Corp. has qualified for inclusion in the Russell 3000 and Russell 2000 indexes. This inclusion will take effect after the U.S. market opens on June 30, 2025, as part of the annual reconstitution by FTSE Russell. The company’s inclusion in these indexes reflects its market capitalization status as of April 30, 2025. These recent developments highlight significant milestones for US Gold Corp. in its ongoing projects and market presence.
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