US Gold (NASDAQ:USAU) Releases Quarterly Earnings Results

US Gold (NASDAQ:USAU) announced its quarterly earnings data on Wednesday. The technology company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18), Zacks reports.

US Gold Stock Performance

Shares of NASDAQ USAU traded down $0.12 during mid-day trading on Wednesday, reaching $16.98. The company had a trading volume of 341,227 shares, compared to its average volume of 314,652. The company has a market capitalization of $243.83 million, a price-to-earnings ratio of -11.10 and a beta of 0.96. The stock has a fifty day moving average of $16.51 and a two-hundred day moving average of $14.03. US Gold has a 12-month low of $5.86 and a 12-month high of $19.20.

Institutional Investors Weigh In On US Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of US Gold during the 2nd quarter valued at $25,000. BNP Paribas Financial Markets raised its holdings in shares of US Gold by 157.5% during 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 in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of US Gold during the third quarter worth $92,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in US Gold during the second quarter valued at $73,000. Finally, Bank of America Corp DE grew its stake in US Gold by 6,786.2% in the second quarter. Bank of America Corp DE now owns 6,473 shares of the technology company’s stock valued at $79,000 after purchasing an additional 6,379 shares in the last quarter. Hedge funds and other institutional investors own 6.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on USAU shares. Zacks Research lowered US Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Roth Capital raised their target price on shares of US Gold from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research report on Wednesday, October 8th. HC Wainwright upped their price target on shares of US Gold from $15.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, Wall Street Zen raised shares of US Gold from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.33.

About US Gold

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.