U.S. Gold price target raised to $16 from $10 at Roth Capital

Roth Capital raised the firm’s price target on U.S. Gold (USAU) to $16 from $10 and keeps a Buy rating on the shares. The company has made significant progress by completing a pre-feasibility study and embarking on a feasibility study, while the price of gold has increased significantly, making an already economically sound project more robust, the analyst tells investors in a research note.