US Gold (NASDAQ:USAU) Posts Earnings Results

US Gold (NASDAQ:USAU) released its quarterly earnings data on Friday. The technology company reported ($0.28) EPS for the quarter, FiscalAI reports.

US Gold Trading Up 0.9%

USAU stock traded up $0.13 during mid-day trading on Friday, hitting $15.20. 122,353 shares of the company were exchanged, compared to its average volume of 274,391. US Gold has a 1-year low of $12.23 and a 1-year high of $23.75. The stock has a market capitalization of $251.26 million, a PE ratio of -13.33 and a beta of 0.94. The business has a 50 day simple moving average of $15.07 and a 200-day simple moving average of $15.75.

Hedge Funds Weigh In On US Gold

A number of large investors have recently made changes to their positions in the company. William Mack & Associates Inc. bought a new stake in shares of US Gold in the second quarter valued at about $1,380,000. NewGen Asset Management Ltd acquired a new position in shares of US Gold in the fourth quarter valued at about $1,553,000. Los Angeles Capital Management LLC bought a new position in US Gold during the fourth quarter worth about $1,371,000. Up Capital Management Inc. bought a new position in US Gold during the fourth quarter worth about $5,157,000. Finally, Renaissance Technologies LLC acquired a new stake in US Gold in the 1st quarter worth about $694,000. Institutional investors own 6.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on USAU. Wall Street Zen lowered shares of US Gold from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of US Gold in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, US Gold has a consensus rating of “Hold” and a consensus price target of $26.75.

US Gold Company Profile

US Gold Corporation (NASDAQ: USAU) is a U.S.-based mineral exploration and development company focused on advancing gold and copper projects in key mining jurisdictions across the United States. The company’s flagship asset is the Copper King project in Park County, Wyoming, where US Gold holds more than 10,000 contiguous acres in the historic Sweetwater Mining District. Copper King is a bulk-tonnage, porphyry-style copper-gold property for which the company has completed multiple drilling campaigns, metallurgical testing and a preliminary economic assessment.

In addition to Copper King, US Gold controls the Keystone project on the northern Black Hills Gold Trend in South Dakota.