US Gold (NASDAQ:USAU) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

US Gold (NASDAQ:USAU) announced its earnings results on Tuesday. The technology company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.15), FiscalAI reports.

US Gold Trading Up 2.0%

Shares of USAU traded up $0.30 during trading hours on Thursday, hitting $15.31. 63,786 shares of the stock traded hands, compared to its average volume of 287,397. The business has a fifty day moving average of $14.90 and a 200-day moving average of $16.22. The firm has a market capitalization of $253.01 million, a PE ratio of -13.44 and a beta of 0.90. US Gold has a 1-year low of $10.32 and a 1-year high of $23.75.

Wall Street Analyst Weigh In

USAU has been the topic of several research reports. Wall Street Zen downgraded shares of US Gold from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of US Gold in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.75.

Institutional Investors Weigh In On US Gold

Several institutional investors have recently modified their holdings of USAU. Vanguard Group Inc. raised its position in shares of US Gold by 16.6% during the 3rd quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company’s stock valued at $10,694,000 after acquiring an additional 92,153 shares during the last quarter. Millennium Management LLC grew its stake in shares of US Gold by 51.4% during the fourth quarter. Millennium Management LLC now owns 343,204 shares of the technology company’s stock worth $6,662,000 after purchasing an additional 116,456 shares during the period. Geode Capital Management LLC increased its holdings in US Gold by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 286,848 shares of the technology company’s stock valued at $5,569,000 after purchasing an additional 8,812 shares during the last quarter. State Street Corp boosted its holdings in US Gold by 0.4% during the fourth quarter. State Street Corp now owns 237,407 shares of the technology company’s stock worth $4,608,000 after buying an additional 1,023 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of US Gold by 334.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 177,993 shares of the technology company’s stock worth $3,455,000 after buying an additional 137,009 shares during the period. Institutional investors and hedge funds own 6.64% of the company’s stock.

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.