Philadelphia Financial Management of San Francisco LLC Makes New $2.16 Million Investment in US Gold Corp $USAU

Key Points

• Philadelphia Financial Management of San Francisco LLC has acquired a new stake in **US Gold Corp**, purchasing 237,931 shares valued at approximately **$2.16 million**, resulting in ownership of **1.87%** of the company.
• US Gold Corp's stock opened at **$12.47**, with a market capitalization of **$174.95 million**, and analysts predict an average EPS of **-0.95** for the current year.
• Research analysts have a positive outlook on US Gold, with three ratings of **"Buy"** and an average price target of **$14.67** per share.

Philadelphia Financial Management of San Francisco LLC purchased a new position in US Gold Corp (NASDAQ:USAU - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 237,931 shares of the technology company's stock, valued at approximately $2,163,000. Philadelphia Financial Management of San Francisco LLC owned approximately 1.87% of US Gold at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC bought a new position in US Gold in the first quarter valued at approximately $46,000. Squarepoint Ops LLC bought a new stake in US Gold during the 4th quarter valued at $69,000. Occudo Quantitative Strategies LP bought a new position in US Gold in the 4th quarter worth about $73,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of US Gold during the 4th quarter valued at about $104,000. Finally, Cubist Systematic Strategies LLC bought a new stake in US Gold in the fourth quarter valued at approximately $182,000. Institutional investors own 6.64% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on USAU shares. HC Wainwright reissued a "buy" rating and set a $15.00 price objective on shares of US Gold in a report on Wednesday, June 25th. Roth Capital restated a "buy" rating and issued a $19.00 price objective (up from $18.00) on shares of US Gold in a report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, US Gold has an average rating of "Buy" and a consensus price target of $14.67.

US Gold Stock Performance

NASDAQ USAU traded up $0.08 during trading on Tuesday, reaching $12.86. 198,794 shares of the company's stock were exchanged, compared to its average volume of 260,491. The company has a 50 day moving average price of $11.92 and a two-hundred day moving average price of $10.95. The stock has a market cap of $180.43 million, a P/E ratio of -7.22 and a beta of 1.20. US Gold Corp has a 1 year low of $5.04 and a 1 year high of $14.39.

US Gold (NASDAQ:USAU - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The technology company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.10). Research analysts forecast that US Gold Corp will post -0.95 EPS for the current fiscal year.

US Gold Profile

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.