237,931 Shares in US Gold Corp $USAU Acquired by Philadelphia Financial Management of San Francisco LLC

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 acquired a new stake in shares of US Gold Corp (NASDAQ:USAU - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 237,931 shares of the technology company's stock, valued at approximately $2,163,000. Philadelphia Financial Management of San Francisco LLC owned 1.87% of US Gold as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in USAU. Bogart Wealth LLC acquired a new stake in US Gold in the first quarter worth about $46,000. Squarepoint Ops LLC bought a new position in shares of US Gold during the 4th quarter valued at about $69,000. Occudo Quantitative Strategies LP bought a new position in shares of US Gold during the 4th quarter valued at about $73,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in US Gold in the 4th quarter valued at approximately $104,000. Finally, Cubist Systematic Strategies LLC bought a new stake in US Gold in the 4th quarter valued at approximately $182,000. 6.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. HC Wainwright restated a "buy" rating and issued a $15.00 target price on shares of US Gold in a research note on Wednesday, June 25th. Roth Capital restated a "buy" rating and set a $19.00 target price (up previously from $18.00) on shares of US Gold in a research note on Monday, August 4th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, US Gold presently has an average rating of "Buy" and a consensus target price of $14.67.

US Gold Trading Up 8.9%

NASDAQ:USAU traded up $1.25 on Thursday, hitting $15.36. The company had a trading volume of 459,016 shares, compared to its average volume of 312,225. US Gold Corp has a 52 week low of $5.28 and a 52 week high of $15.58. The stock has a market capitalization of $215.50 million, a price-to-earnings ratio of -8.64 and a beta of 1.20. The firm has a 50 day moving average of $11.95 and a two-hundred day moving average of $10.97.

US Gold (NASDAQ:USAU - Get Free Report) last issued its earnings results on Tuesday, July 29th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.10). As a group, equities analysts forecast that US Gold Corp will post -0.95 EPS for the current 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.