Renaissance Technologies LLC recently announced the acquisition of new stake in Austin Gold Corp. (AMEX:AUST). This fresh investment now brings its stake to 0.31% valued currently at $39357.0. In addition, Jane Street Capital LLC raised its holdings by 8108.0 to 20080.0 shares.
With over 0.11 million Austin Gold Corp. (AUST) shares trading Monday and a closing price of $1.22 on the day, the dollar volume was approximately $0.13 million. The shares have shown a negative half year performance of -26.95% and its price on 01/23/23 gained nearly 15.09%. Currently, there are 13.27M common shares owned by the public and among those 7.14M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for AUST have a consensus price objective of $6.46. The analysts have set the share’s price value over the next 12 months at a high of $6.46 and a low of $6.46. The average price target is 74.32% above its recent price level and an upside to the estimated low will see the stock gain 81.11% over that period. But an upside of 81.11% will see the stock hit the forecast high price target while median target price for the stock is $6.46.
Shares of Austin Gold Corp. (AMEX: AUST) opened at $1.10, up $0.04 from a prior closing price of $1.06. However, the script later moved the day high at 1.2600, up 15.09%. The company’s stock has a 5-day price change of 14.02% and 28.69% over the past three months. It has a 12-month low price of $0.70 and touched a high of $29.00 over the same period. AUST has an average intraday trading volume of 59.95K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 23.53%, 25.28%, and -14.40% respectively.
Institutional ownership of Austin Gold Corp. (AMEX: AUST) shares accounts for 5.90% of the company’s 13.27M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $16.35M. The earnings-per-share (ttm) stands at -$0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.71% over the week and 9.74% over the month.
Analysts forecast that Austin Gold Corp. (AUST) will achieve an EPS of -$0.04 for the current quarter, -$0.04 for the next quarter and -$0.15 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.04.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Austin Gold Corp. (AUST) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”