U.S. Gold initiated with a Buy at Roth MKM

Roth MKM initiated coverage of U.S. Gold (USAU) with a Buy rating and $10 price target The stock is undervalued by the market for its CK Gold Project alone, and the upside scenarios that are currently not factored into valuation include a partnership or sale of the aggregate business, resource expansion, repurposing of the pit as water storage, and new discoveries at other projects, the analyst tells investors in a research note.