US Gold (NASDAQ:USAU) Posts Quarterly Earnings Results, Misses Expectations By $0.22 EPS

US Gold (NASDAQ:USAU) released its quarterly earnings data on Monday. The technology company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.22), FiscalAI reports.

US Gold Stock Performance

US Gold stock traded up $0.69 during midday trading on Monday, reaching $17.41. 384,419 shares of the stock were exchanged, compared to its average volume of 353,683. The company’s fifty day moving average is $18.64 and its 200-day moving average is $17.27. US Gold has a 52 week low of $7.38 and a 52 week high of $23.75. The firm has a market cap of $287.27 million, a PE ratio of -10.62 and a beta of 0.74.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on USAU. Wall Street Zen downgraded shares of US Gold from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Roth Mkm reiterated a “buy” rating and issued a $26.00 price objective (up from $20.00) on shares of US Gold in a research note on Monday, December 15th. Zacks Research downgraded US Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. HC Wainwright reaffirmed a “buy” rating and issued a $27.50 target price (up from $22.00) on shares of US Gold in a report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a report on Wednesday, January 21st. Two equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.75.

Institutional Investors Weigh In On US Gold

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC purchased a new stake in US Gold during the third quarter valued at about $3,737,000. Goldman Sachs Group Inc. boosted its holdings in shares of US Gold by 334.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 177,993 shares of the technology company’s stock worth $3,455,000 after purchasing an additional 137,009 shares in the last quarter. Geode Capital Management LLC increased its position in shares of US Gold by 109.6% during the 2nd quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company’s stock valued at $3,067,000 after purchasing an additional 131,394 shares during the last quarter. Vanguard Group Inc. increased 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 purchasing an additional 92,153 shares during the last quarter. Finally, Informed Momentum Co LLC purchased a new position in shares of US Gold during the 4th quarter valued at about $873,000. 6.64% of the stock is currently owned by institutional investors.

US Gold Company 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.