U.S. Gold price target lowered to $15.25 from $18 at Alliance Global Partners

Alliance Global Partners analyst Jake Sekelsky lowered the firm’s price target on U.S. Gold to $15.25 from $18 and keeps a Buy rating on the shares. The analyst believes current levels represent an attractive entry point for investors, particularly due to the potential for a significant re-rating of shares should the CK Gold Project in Wyoming advance to shovel-ready status later this year. However, additional capital may be required to progress CK through the construction financing stage, the analyst tells investors in a research note.