US Gold (NASDAQ:USAU) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS

US Gold (NASDAQ:USAU) issued its quarterly earnings data on Wednesday. The technology company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.15), FiscalAI reports.

US Gold Trading Up 2.1%

Shares of NASDAQ:USAU traded up $0.27 on Wednesday, reaching $12.92. 284,960 shares of the company traded hands, compared to its average volume of 290,284. The stock has a market capitalization of $213.19 million, a P/E ratio of -8.91 and a beta of 0.88. The business’s 50-day simple moving average is $15.05 and its 200 day simple moving average is $16.44. US Gold has a 52 week low of $10.09 and a 52 week high of $23.75.

Institutional Trading of US Gold

A number of institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in US Gold during the 4th quarter valued at $461,000. Quadrature Capital Ltd purchased a new stake in US Gold in the fourth quarter worth about $363,000. Millennium Management LLC lifted its stake in shares of US Gold by 51.4% in the 4th quarter. Millennium Management LLC now owns 343,204 shares of the technology company’s stock valued at $6,662,000 after purchasing an additional 116,456 shares during the period. Barclays PLC boosted its holdings in shares of US Gold by 4.7% during the 4th quarter. Barclays PLC now owns 18,521 shares of the technology company’s stock valued at $359,000 after buying an additional 825 shares in the last quarter. Finally, State Street Corp grew its holdings in US Gold by 0.4% in the fourth quarter. State Street Corp now owns 237,407 shares of the technology company’s stock worth $4,608,000 after purchasing an additional 1,023 shares during the period. Hedge funds and other institutional investors own 6.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on USAU. Wall Street Zen lowered US Gold from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research report on Friday, July 17th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $27.50 target price on shares of US Gold in a research note on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.75.

About US Gold

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.