US Geothermal Inc (HTM) Receives $5.50 Consensus PT from Analysts

US Geothermal Inc (NYSEAMERICAN:HTM) has been given a consensus rating of “Buy” by the five research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $5.67.

Several research firms have commented on HTM. ValuEngine upgraded shares of US Geothermal from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Cowen and Company set a $6.00 price objective on shares of US Geothermal and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Northland Securities set a $6.00 price objective on shares of US Geothermal and gave the company a “buy” rating in a report on Monday, August 14th.

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US Geothermal (NYSEAMERICAN HTM) traded up $0.11 during trading hours on Thursday, hitting $3.86. 53,520 shares of the company’s stock traded hands, compared to its average volume of 33,630. US Geothermal has a 12-month low of $3.59 and a 12-month high of $4.94.

Several institutional investors have recently made changes to their positions in HTM. Dimensional Fund Advisors LP boosted its position in shares of US Geothermal by 72.4% in the second quarter. Dimensional Fund Advisors LP now owns 25,871 shares of the energy company’s stock valued at $119,000 after acquiring an additional 10,864 shares during the period. Northern Trust Corp boosted its position in shares of US Geothermal by 1.2% in the second quarter. Northern Trust Corp now owns 33,281 shares of the energy company’s stock valued at $153,000 after acquiring an additional 392 shares during the period. Bank of New York Mellon Corp boosted its position in shares of US Geothermal by 69.4% in the second quarter. Bank of New York Mellon Corp now owns 35,186 shares of the energy company’s stock valued at $161,000 after acquiring an additional 14,411 shares during the period. Finally, Private Management Group Inc. boosted its position in shares of US Geothermal by 10.8% in the second quarter. Private Management Group Inc. now owns 1,812,458 shares of the energy company’s stock valued at $8,319,000 after acquiring an additional 177,176 shares during the period.

About US Geothermal

U.S. Geothermal Inc is engaged in the renewable green energy business. The Company, through its subsidiary U.S. Geothermal Inc (Geo-Idaho), is engaged in the acquisition, development and utilization of geothermal resources in the Western United States and the Republic of Guatemala. It operates through two segments: Operating Plants, and Corporate and Development.

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