Insider Buying: US Gold (NASDAQ:USAU) Director Purchases 700 Shares of Stock

Key Points

• Director Johanna Fipke purchased 700 shares on April 10 at an average price of $14.91 (total ~$10,437), raising her holding to 25,398 shares — a 2.83% increase in ownership.
• Shares traded up about 3.1% to $15.42 with volume above average, but the price remains below the 50- and 200-day moving averages of $16.57 and $17.37, respectively.
• US Gold has a market cap of ~$254.4M and reported a quarterly EPS miss (negative earnings), with mixed analyst ratings and a consensus target of $26.75; institutional ownership is low at ~6.6%.

US Gold Corp (NASDAQ:USAU - Get Free Report) Director Johanna Fipke acquired 700 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average price of $14.91 per share, for a total transaction of $10,437.00. Following the completion of the transaction, the director owned 25,398 shares in the company, valued at $378,684.18. The trade was a 2.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

US Gold Stock Up 3.1%

NASDAQ:USAU traded up $0.47 during midday trading on Monday, reaching $15.42. The stock had a trading volume of 373,655 shares, compared to its average volume of 332,896. The firm has a fifty day simple moving average of $16.57 and a two-hundred day simple moving average of $17.37. US Gold Corp has a 12-month low of $9.03 and a 12-month high of $23.75. The stock has a market cap of $254.43 million, a P/E ratio of -10.63 and a beta of 0.89.

US Gold (NASDAQ:USAU - Get Free Report) last posted its quarterly earnings data on Monday, March 16th. The technology company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.22). On average, sell-side analysts anticipate that US Gold Corp will post -0.95 earnings per share for the current fiscal year.

Institutional Trading of US Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USAU. Quantbot Technologies LP purchased a new stake in US Gold in the 2nd quarter valued at about $25,000. CIBC Private Wealth Group LLC purchased a new stake in shares of US Gold during the 4th quarter worth about $39,000. BNP Paribas Financial Markets grew its holdings in shares of US Gold by 157.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company's stock worth $40,000 after purchasing an additional 1,476 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of US Gold during the 4th quarter worth about $44,000. Finally, Ameritas Advisory Services LLC grew its holdings in shares of US Gold by 26,900.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 2,700 shares of the technology company's stock worth $44,000 after purchasing an additional 2,690 shares during the period. Hedge funds and other institutional investors own 6.64% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on USAU shares. Roth Mkm restated a "buy" rating and issued a $26.00 price target (up from $20.00) on shares of US Gold in a report on Monday, December 15th. HC Wainwright restated a "buy" rating and issued a $27.50 price target on shares of US Gold in a report on Thursday, April 2nd. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of US Gold in a report on Wednesday, January 21st. Two 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 stock. According to MarketBeat.com, US Gold currently has an average rating of "Hold" and a consensus target price of $26.75.

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.

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