US Gold (NASDAQ:USAU) Releases Earnings Results, Misses Expectations By $0.15 EPS

US Gold (NASDAQ:USAU) announced its quarterly earnings data on Wednesday. The technology company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.15), FiscalAI reports.

US Gold Stock Performance

US Gold stock traded up $0.27 during mid-day trading on Wednesday, reaching $12.92. 284,960 shares of the company were exchanged, compared to its average volume of 290,284. The firm has a market cap of $213.19 million, a P/E ratio of -8.91 and a beta of 0.88. The business has a fifty day moving average of $15.05 and a 200 day moving average of $16.44. US Gold has a 12-month low of $10.09 and a 12-month high of $23.75.

Wall Street Analyst Weigh In

USAU has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research report on Friday, July 17th. Wall Street Zen lowered shares of US Gold from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Finally, HC Wainwright reiterated a “buy” rating and set a $27.50 target price on shares of US Gold in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.75.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in shares of US Gold during the 2nd quarter worth $25,000. CIBC Private Wealth Group LLC purchased a new position in US Gold in the fourth quarter valued at about $39,000. BNP Paribas Financial Markets grew its stake in 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 during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in US Gold in the fourth quarter worth about $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in US Gold in the second quarter worth about $73,000. 6.64% of the stock is 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.