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

US Gold (NASDAQ:USAUGet Free Report) posted its quarterly earnings data on Tuesday. The technology company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.15), FiscalAI reports.

US Gold Stock Up 2.9%

US Gold stock opened at $14.38 on Wednesday. The firm has a market capitalization of $237.70 million, a P/E ratio of -9.92 and a beta of 0.90. The firm has a fifty day moving average of $14.90 and a 200-day moving average of $16.26. US Gold has a 52-week low of $10.32 and a 52-week high of $23.75.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on US Gold

Institutional Inflows and Outflows

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

US Gold Company Profile

(Get Free Report)

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.

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Earnings History for US Gold (NASDAQ:USAU)

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