Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating on US Gold (USAU – Research Report) and keeping the price target at $15.00.
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Heiko Ihle has given his Buy rating due to a combination of factors including the anticipated completion of the Feasibility Study for the CK Gold Project by the fourth quarter of 2025. This study is expected to provide a detailed and realistic development plan, supported by the project’s full permitting status. The valuation of U.S. Gold Corp. is based on a discounted cash flow model, which aligns with other early-stage mining projects, and results in a valuation of $206.9 million for the CK Gold Project.
Additionally, the company’s non-core assets are considered conservatively valued, especially in light of current gold prices. The recent liquidity boost from exercised warrants and the expected inclusion in the Russell 3000 and Russell 2000 indices are seen as positive catalysts for the company’s future performance. These factors, combined with the experienced management team’s efforts to explore financing options, position U.S. Gold Corp. well for long-term shareholder value creation.
According to TipRanks, Ihle is a 5-star analyst with an average return of 19.2% and a 57.81% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Integra Resources Corp, Endeavour Silver, and Largo Resources.