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 send this profile shares vertical moving forward.
Your Top #1 Potential USAU Catalyst
According to Yahoo Finance, USAU his a minuscule float.The website reports this profile to have only 2.64Mn 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. USAU made an approximate 161% surge in a two-day period that last time I brought it to your attention.
Could the next bit of big news be right around the corner for USAU?
Your Top #2 Potential USAU Catalyst
On Monday, August 10th, H.C. Wainwright analyst, Heiko Ihle, raised the firm's price target on U.S. Gold to $19.50 from $16.50.
From Wednesday's close of $11.05, that gives USAU upside potential of approximately 76%!
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's news is a potential game-changer. Check it out:
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 #4 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
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 "88% BUY" recommendation on overall average for USAU. This is up from a "40% BUY" recommendation from last month.
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