Above is the 5-year gold price chart. Just look at what's been cooking over the past few months. Gold prices have been on a tear.
Partly because of this record surge, gold has been a heavily sought after item.
In turn, that could make gold exploration companies strongly targeted stocks in the short, medium, and long-terms.
Knowing this, I want to run a few potential catalysts for USAU by you because they could end up helping to send this profile shares vertical moving forward.
Your Top #1 Potential USAU Catalyst
According to Yahoo Finance, USAU has a minuscule float.The website reports this profile to have only 2.69Mn shares in its float.
That is super small...
So why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, the slightest bit of positive company news can send shares heading vertical in no time at all.
Don't forget what I mentioned above. I recently brought USAU to your attention only to watch it go on a near $3.00 short-term run.
Before that, USAU made an approximate 161% surge in a two-day period when I first alerted it in 2020.
Could the next bit of big news be right around the corner for USAU that sends share prices vertical?
Your Top #2 Potential USAU Catalyst
H.C. Wainwright analyst, Heiko Ihle, has provided U.S. Gold with an $18.00 price target.
From Wednesday's close of $12.01, that gives USAU upside potential of approximately 49.8%!
Additionally, Ihle reiterated a "Buy" rating on the stock.
Previously, in a research note, Ihle commented that the company's second half of 2020 is likely to be "pivotal" as management continues to advance Copper King.
See the price target here.
Your Top #3 Potential USAU Catalyst
Yesterday, the company released a major update. Here is a highlight:
Mr. Bee went on to state, "Given the current market conditions with gold prices rising substantially and crossing the $2000 mark, our PEA and internal estimates published in March 2020 are now very conservative. Furthermore, not only does potential development come at a time when the coal, uranium, and the oil and gas businesses in Wyoming are facing challenges from depressed prices, there appears to be many synergies and positive aspects for the project as a consequence of its location. We have a very capable team and Board driving the CK Gold project from PEA to Prefeasibility Study, and onwards toward production. Additionally, there exists, as yet, unfactored synergies with respect to surrounding infrastructure and facilities." Summing up, Mr. Bee said, "We believe that the CK Gold Project is a rare opportunity whose time has come. I'm delighted to be part of the project and optimistic about what the project will represent for shareholders and stakeholders alike. We look forward to updating everyone on our developments as we progress."
Read the full article here: U.S. Gold Corp. Provides Exploration Update for the CK Gold Project in Wyoming
Your Top #4 Potential USAU Catalyst
The Geological Society of Nevada (GSN) Publishes Paper on U.S. Gold Corp.'s Keystone Project, Cortez Trend, Nevada
ELKO, Nev., Aug. 25, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that the Geological Society of Nevada (GSN) 2020 Symposium has published a paper on its Keystone Project, located on the Cortez Trend in Nevada.
Ken Coleman, U.S. Gold Corp.'s Project Geologist; Thomas Chapin, Senior Consulting Geologist and Gabriel Aliagra, Geologist authored the paper titled "Geologic and Exploration Update, Keystone Project, Eureka County, Nevada." The paper can be viewed at its entirety at:
Ken Coleman commented, "A tremendous amount of work has been done by U.S. Gold Corp. to advance the Keystone project to its current state. Keystone is a large, district scale project of 20 square miles and several areas of the project have never, to our knowledge, had any prior systematic, model driven exploration efforts. We are now at the point where we have specific potential discovery targets identified which is a culmination of the all the work done over the last 4 years which includes mapping, geophysics, geochemistry, permitting and significant scout hole drilling. With our recent acquisition of Northern Panther Resource Corporation and recent financing efforts, we believe that we now have the financial resources to move ahead with our 2020 Keystone exploration program. Our recently appointed President, George Bee and I are reviewing and refining our Keystone exploration plans and plan to provide further updates in the near future."
Your Top #5 Potential USAU Catalyst
Recent news of a major acquisition could be huge:
U.S. Gold Corp. Acquires Northern Panther Resource Corporation Acquisition Brings Seasoned Mining Industry Professionals and up to $8.0Mn in Additional Capital
Your Top #6 Potential USAU Catalyst
USAU is displaying extremely strong, bullish technicals at this very moment.
According to Barchart.com, USAU has several triggered technicals in small, medium, and long-term.
Here are some of the more important, bullish technicals to take into consideration:
Short Term Indicators
- 20 Day Moving Average
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 Day Moving Average
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50 - 200 Day MACD Oscillator
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day MACD Oscillator
On top of these all being triggered as bullish, Barchart also reports the same for its overall, composite indicator "TrendSpotter."
The site shares an overall "100% BUY" recommendation on overall average for USAU.
Top Projects Copper King & Keystone Could Be Game-Changers