U.S. Gold Corp. (NASDAQ:USAU) Director Luke Anthony Norman Buys 5,000 Shares

U.S. Gold Corp. (NASDAQ:USAU) Director Luke Anthony Norman purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average cost of $4.19 per share, with a total value of $20,950.00. Following the completion of the acquisition, the director now directly owns 348,980 shares of the company’s stock, valued at $1,462,226.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

U.S. Gold Price Performance

Shares of U.S. Gold stock traded up $0.13 during trading on Wednesday, hitting $4.03. 39,363 shares of the company were exchanged, compared to its average volume of 47,107. U.S. Gold Corp. has a 1-year low of $2.92 and a 1-year high of $5.21. The firm’s fifty day moving average price is $3.70 and its 200 day moving average price is $3.61.

U.S. Gold (NASDAQ:USAU) last posted its earnings results on Monday, March 18th. The technology company reported ($0.18) earnings per share (EPS) for the quarter. On average, equities analysts anticipate that U.S. Gold Corp. will post -1.2 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and issued a $11.00 price objective on shares of U.S. Gold in a research report on Friday, March 1st.

Hedge Funds Weigh In On U.S. Gold

Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in U.S. Gold during the 3rd quarter worth approximately $57,000. Renaissance Technologies LLC acquired a new stake in shares of U.S. Gold in the 4th quarter valued at approximately $72,000. National Bank of Canada FI acquired a new stake in shares of U.S. Gold in the 4th quarter valued at approximately $90,000. BlackRock Inc. boosted its holdings in shares of U.S. Gold by 27.9% in the 2nd quarter. BlackRock Inc. now owns 21,663 shares of the technology company’s stock valued at $96,000 after buying an additional 4,722 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of U.S. Gold by 72.2% in the 1st quarter. State Street Corp now owns 22,900 shares of the technology company’s stock valued at $160,000 after buying an additional 9,600 shares during the last quarter. 6.64% of the stock is currently owned by institutional investors and hedge funds.

U.S. Gold Company Profile

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.