US Gold (NASDAQ:USAU – Get Free Report) issued its earnings results on Friday. The technology company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.14, FiscalAI reports.
US Gold Stock Performance
Shares of USAU opened at $15.20 on Friday. The stock has a market capitalization of $251.20 million, a PE ratio of -11.97 and a beta of 0.94. The company’s fifty day moving average is $15.04 and its 200 day moving average is $15.75. US Gold has a fifty-two week low of $12.23 and a fifty-two week high of $23.75.
Analysts Set New Price Targets
Several research firms have commented on USAU. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a report on Friday, July 17th. Wall Street Zen cut US Gold from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.75.
Institutional Trading of US Gold
A number of large investors have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in US Gold in the second quarter worth about $25,000. FNY Investment Advisers LLC bought a new stake in shares of US Gold in the 2nd quarter valued at approximately $30,000. CIBC Private Wealth Group LLC bought a new stake in shares of US Gold in the 4th quarter valued at approximately $39,000. BNP Paribas Financial Markets boosted its holdings in shares of US Gold by 157.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,476 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in shares of US Gold in the 2nd quarter worth approximately $42,000. 6.64% of the stock is currently owned by institutional investors.
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.
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