Up Capital Management Inc. Makes New $5.16 Million Investment in US Gold Corp $USAU

Up Capital Management Inc. bought a new stake in US Gold Corp (NASDAQ:USAU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 265,663 shares of the technology company’s stock, valued at approximately $5,157,000. US Gold accounts for 4.6% of Up Capital Management Inc.’s investment portfolio, making the stock its 9th biggest position. Up Capital Management Inc. owned 1.61% of US Gold as of its most recent SEC filing.

Several other large investors have also modified their holdings of USAU. CIBC Private Wealth Group LLC acquired a new stake in shares of US Gold during the 4th quarter worth about $39,000. Quantbot Technologies LP purchased a new stake in US Gold in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in US Gold in the fourth quarter valued at about $44,000. BNP Paribas Financial Markets lifted its position 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 buying an additional 1,476 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in US Gold by 26,900.0% during the third quarter. Ameritas Advisory Services LLC now owns 2,700 shares of the technology company’s stock worth $44,000 after buying an additional 2,690 shares during the period. Institutional investors and hedge funds own 6.64% of the company’s stock.

Wall Street Analyst Weigh In

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

US Gold Stock Performance

Shares of NASDAQ USAU opened at $15.85 on Friday. US Gold Corp has a twelve month low of $10.09 and a twelve month high of $23.75. The stock has a fifty day simple moving average of $15.97 and a 200-day simple moving average of $17.23. The stock has a market capitalization of $261.52 million, a PE ratio of -10.93 and a beta of 0.86.

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.