Los Angeles Capital Management LLC Buys Shares of 70,644 US Gold Corp $USAU

Los Angeles Capital Management LLC purchased a new position in shares of US Gold Corp (NASDAQ:USAU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 70,644 shares of the technology company’s stock, valued at approximately $1,371,000. Los Angeles Capital Management LLC owned about 0.43% of US Gold as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC bought a new stake in shares of US Gold in the third quarter worth $193,000. Squarepoint Ops LLC bought a new position in US Gold in the third quarter valued at $219,000. Russell Investments Group Ltd. bought a new position in US Gold in the third quarter valued at $92,000. Engineers Gate Manager LP increased its stake in US Gold by 38.0% in the 2nd quarter. Engineers Gate Manager LP now owns 15,571 shares of the technology company’s stock valued at $190,000 after buying an additional 4,287 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in US Gold by 6,786.2% in the 2nd quarter. Bank of America Corp DE now owns 6,473 shares of the technology company’s stock valued at $79,000 after buying an additional 6,379 shares during the last quarter. 6.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

USAU has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research note on Monday, April 20th. HC Wainwright reaffirmed a “buy” rating and issued a $27.50 target price on shares of US Gold in a research report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, US Gold presently has a consensus rating of “Hold” and a consensus price target of $26.75.

US Gold Trading Down 1.7%

NASDAQ USAU opened at $14.52 on Thursday. US Gold Corp has a 12 month low of $10.09 and a 12 month high of $23.75. The stock has a 50 day moving average of $15.90 and a 200-day moving average of $17.25. The company has a market cap of $239.58 million, a PE ratio of -10.01 and a beta of 0.86.

US Gold (NASDAQ:USAU) last issued its earnings results on Monday, March 16th. The technology company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.22). As a group, sell-side analysts predict that US Gold Corp will post -1 EPS for the current fiscal 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.