William Mack & Associates Inc. Purchases New Position in US Gold Corp $USAU

William Mack & Associates Inc. acquired a new position in US Gold Corp (NASDAQ:USAU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 90,000 shares of the technology company’s stock, valued at approximately $1,380,000. US Gold accounts for about 0.5% of William Mack & Associates Inc.’s holdings, making the stock its 25th largest position. William Mack & Associates Inc. owned 0.55% of US Gold as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quantbot Technologies LP bought a new stake in US Gold during the 2nd quarter valued at $25,000. FNY Investment Advisers LLC bought a new position in shares of US Gold in the second quarter worth $30,000. CIBC Private Wealth Group LLC bought a new position in shares of US Gold in the fourth quarter worth $39,000. BNP Paribas Financial Markets grew its position 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 purchasing an additional 1,476 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of US Gold by 175.0% in the first quarter. International Assets Investment Management LLC now owns 2,750 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,750 shares in the last quarter. 6.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on USAU shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a research note on Friday, July 17th. Wall Street Zen downgraded US Gold from a “sell” rating to a “strong sell” rating in a research note 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. According to MarketBeat, US Gold has a consensus rating of “Hold” and a consensus target price of $26.75.

US Gold Price Performance

NASDAQ USAU opened at $15.24 on Wednesday. The company’s 50 day simple moving average is $14.85 and its two-hundred day simple moving average is $16.10. US Gold Corp has a 1 year low of $10.32 and a 1 year high of $23.75. The stock has a market capitalization of $251.92 million, a PE ratio of -13.37 and a beta of 0.90.

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

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.