US Gold (NASDAQ:USAU) Announces Earnings Results, Misses Expectations By $0.22 EPS

US Gold (NASDAQ:USAU) announced its earnings results on Monday. The technology company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.22), FiscalAI reports.

US Gold Stock Performance

Shares of NASDAQ USAU opened at $16.52 on Wednesday. The company has a market capitalization of $272.58 million, a PE ratio of -11.39 and a beta of 0.74. The company’s fifty day moving average price is $18.54 and its 200 day moving average price is $17.32. US Gold has a 1 year low of $7.38 and a 1 year high of $23.75.

Analysts Set New Price Targets

Several equities analysts recently issued reports on USAU shares. HC Wainwright reissued a “buy” rating and issued a $27.50 target price (up from $22.00) on shares of US Gold in a research report on Wednesday, January 7th. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research report on Wednesday, January 21st. Roth Mkm reaffirmed a “buy” rating and issued a $26.00 price target (up from $20.00) on shares of US Gold in a report on Monday, December 15th. Zacks Research downgraded US Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Finally, Wall Street Zen lowered US Gold from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, US Gold presently has an average rating of “Hold” and an average target price of $26.75.

Institutional Trading of US Gold

A number of institutional investors and hedge funds have recently made changes to their positions in USAU. Barclays PLC lifted its position in shares of US Gold by 4.7% during the 4th quarter. Barclays PLC now owns 18,521 shares of the technology company’s stock valued at $359,000 after buying an additional 825 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of US Gold by 12.9% during the third quarter. Bank of America Corp DE now owns 7,308 shares of the technology company’s stock valued at $120,000 after acquiring an additional 835 shares during the last quarter. State Street Corp lifted its position in shares of US Gold by 0.4% in the fourth quarter. State Street Corp now owns 237,407 shares of the technology company’s stock valued at $4,608,000 after acquiring an additional 1,023 shares in the last quarter. Occudo Quantitative Strategies LP lifted its position in shares of US Gold by 4.3% in the second quarter. Occudo Quantitative Strategies LP now owns 33,398 shares of the technology company’s stock valued at $407,000 after acquiring an additional 1,379 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake 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 worth $40,000 after acquiring an additional 1,476 shares during the last quarter. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

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.