HC Wainwright Issues Negative Forecast for US Gold Earnings

US Gold Corp (NASDAQ:USAU) – Stock analysts at HC Wainwright lowered their FY2026 earnings estimates for shares of US Gold in a report issued on Thursday, April 2nd. HC Wainwright analyst H. Ihle now anticipates that the technology company will post earnings per share of ($1.02) for the year, down from their prior forecast of ($0.98). HC Wainwright currently has a “Buy” rating and a $27.50 price target on the stock. The consensus estimate for US Gold’s current full-year earnings is ($0.95) per share.

Several other analysts have also recently weighed in on the company. Roth Mkm reissued a “buy” rating and set a $26.00 price target (up from $20.00) on shares of US Gold in a report on Monday, December 15th. Wall Street Zen cut US Gold from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a research report on Wednesday, January 21st. Two equities 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.75.

US Gold Trading Down 7.5%

NASDAQ:USAU traded down $1.16 on Tuesday, hitting $14.27. The company’s stock had a trading volume of 301,955 shares, compared to its average volume of 354,422. US Gold has a one year low of $7.80 and a one year high of $23.75. The stock has a fifty day moving average of $17.01 and a two-hundred day moving average of $17.40. The firm has a market capitalization of $235.37 million, a P/E ratio of -9.82 and a beta of 0.89.

US Gold (NASDAQ:USAU) last issued its quarterly earnings data on Monday, March 16th. The technology company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.22).

Hedge Funds Weigh In On US Gold

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of US Gold by 16.6% during the 3rd quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company’s stock valued at $10,694,000 after purchasing an additional 92,153 shares in the last quarter. Millennium Management LLC bought a new stake in US Gold in the third quarter worth approximately $3,737,000. Goldman Sachs Group Inc. lifted its stake in US Gold by 334.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 177,993 shares of the technology company’s stock valued at $3,455,000 after buying an additional 137,009 shares during the period. Geode Capital Management LLC boosted its holdings in shares of US Gold by 109.6% during the 2nd quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company’s stock worth $3,067,000 after buying an additional 131,394 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of US Gold during the 4th quarter worth approximately $461,000. 6.64% of the stock is owned by institutional investors and hedge funds.

US Gold Company 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.