Insider Buying: U.S. Gold Corp. (NASDAQ:USAU) CEO Purchases $19,888.90 in Stock

U.S. Gold Corp. (NASDAQ:USAU) CEO George M. Bee acquired 3,371 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was bought at an average price of $5.90 per share, for a total transaction of $19,888.90. Following the completion of the acquisition, the chief executive officer now owns 401,016 shares of the company’s stock, valued at $2,365,994.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

U.S. Gold Price Performance

USAU stock opened at $5.94 on Monday. U.S. Gold Corp. has a fifty-two week low of $2.92 and a fifty-two week high of $7.06. The stock has a market capitalization of $55.42 million, a price-to-earnings ratio of -8.14 and a beta of 1.19. The business’s fifty day moving average price is $4.39 and its two-hundred day moving average price is $3.90.

U.S. Gold (NASDAQ:USAU) last released its quarterly earnings results on Monday, March 18th. The technology company reported ($0.18) EPS for the quarter. Research analysts expect that U.S. Gold Corp. will post -1.2 EPS for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “buy” rating and set a $11.00 target price on shares of U.S. Gold in a report on Friday, March 1st.

Institutional Investors Weigh In On U.S. Gold

A hedge fund recently bought a new stake in U.S. Gold stock. National Bank of Canada FI acquired a new stake in U.S. Gold Corp. (NASDAQ:USAU) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 21,266 shares of the technology company’s stock, valued at approximately $90,000. National Bank of Canada FI owned approximately 0.23% of U.S. Gold at the end of the most recent reporting period. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Gold Company Profile

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.