US Gold (NASDAQ:USAU) Releases Earnings Results, Beats Estimates By $0.14 EPS

US Gold (NASDAQ:USAU) posted its quarterly earnings data on Friday. The technology company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.14, FiscalAI reports.

US Gold Stock Up 0.9%

NASDAQ:USAU opened at $15.20 on Friday. The company has a market cap of $251.26 million, a P/E ratio of -13.33 and a beta of 0.94. The firm’s 50 day moving average is $15.04 and its two-hundred day moving average is $15.75. US Gold has a fifty-two week low of $12.23 and a fifty-two week high of $23.75.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in USAU. FNY Investment Advisers LLC purchased a new stake in US Gold during the second quarter valued at about $30,000. CIBC Private Wealth Group LLC purchased a new position in US Gold in the fourth quarter valued at approximately $39,000. Quantbot Technologies LP purchased a new stake in US Gold during the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of US Gold in the fourth quarter worth $44,000. Finally, BNP Paribas Financial Markets raised its stake in shares of US Gold by 157.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,476 shares during the period. 6.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

USAU has been the subject of several recent analyst reports. Wall Street Zen cut shares of US Gold from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research note on Friday, July 17th. Two equities research 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. According to MarketBeat, US Gold has an average rating of “Hold” and a consensus price target of $26.75.

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.