U.S. Gold price target lowered to $22 from $26 at Roth Capital

Roth Capital lowered the firm’s price target on U.S. Gold (USAU) to $22 from $26 and keeps a Buy rating on the shares. The company’s feasibility study, FS, for the CK Gold Project in Wyoming confirmed the project has robust economics even at significantly lower pricing compared to the current market, but it also outlined higher capital and operating costs compared to prior studies and the firm’s expectations, the analyst tells investors in a research note.