Cubist Systematic Strategies LLC Takes $182,000 Position in U.S. Gold Corp. (NASDAQ:USAU)

Cubist Systematic Strategies LLC bought a new stake in shares of U.S. Gold Corp. (NASDAQ:USAU - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 29,707 shares of the technology company's stock, valued at approximately $182,000. Cubist Systematic Strategies LLC owned approximately 0.24% of U.S. Gold at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in U.S. Gold by 5,775.8% during the third quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company's stock valued at $42,000 after buying an additional 7,162 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of U.S. Gold during the fourth quarter worth $114,000. Commonwealth Equity Services LLC acquired a new position in shares of U.S. Gold during the fourth quarter worth $190,000. Finally, Renaissance Technologies LLC boosted its stake in U.S. Gold by 296.4% during the 4th quarter. Renaissance Technologies LLC now owns 93,900 shares of the technology company's stock valued at $576,000 after acquiring an additional 70,214 shares during the last quarter. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on USAU shares. HC Wainwright boosted their price objective on U.S. Gold from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday. Roth Capital restated a "buy" rating on shares of U.S. Gold in a research report on Tuesday, May 6th.

U.S. Gold Stock Up 3.3%

USAU traded up $0.34 during trading on Friday, reaching $10.78. The stock had a trading volume of 227,207 shares, compared to its average volume of 185,996. The firm has a market capitalization of $136.83 million, a price-to-earnings ratio of -10.78 and a beta of 1.51. U.S. Gold Corp. has a 1-year low of $4.71 and a 1-year high of $12.00. The stock has a 50 day moving average of $9.94 and a two-hundred day moving average of $8.39.

U.S. Gold (NASDAQ:USAU - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The technology company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.27). On average, research analysts forecast that U.S. Gold Corp. will post -0.95 EPS for the current fiscal year.

About U.S. 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.