45,697 Shares in US Gold Corp $USAU Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new position in US Gold Corp (NASDAQ:USAU) in the first quarter, Holdings Channel reports. The fund acquired 45,697 shares of the technology company’s stock, valued at approximately $694,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of US Gold during the 2nd quarter worth approximately $25,000. CIBC Private Wealth Group LLC bought a new position in shares of US Gold in the fourth quarter valued at approximately $39,000. BNP Paribas Financial Markets grew its holdings in shares of US Gold by 157.5% in the third quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,476 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of US Gold by 175.0% during the first quarter. International Assets Investment Management LLC now owns 2,750 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of US Gold during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 6.64% of the company’s stock.

US Gold Stock Performance

Shares of USAU stock opened at $14.85 on Monday. The stock has a market capitalization of $245.41 million, a P/E ratio of -13.03 and a beta of 0.90. The firm’s 50 day moving average is $14.86 and its 200 day moving average is $15.96. US Gold Corp has a 12 month low of $10.32 and a 12 month high of $23.75.

US Gold (NASDAQ:USAU) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.15). On average, equities analysts predict that US Gold Corp will post -0.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on USAU. Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a report on Friday, July 17th. Wall Street Zen lowered US Gold from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.75.

US Gold 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.