Renaissance Technologies LLC Acquires 70,214 Shares of U.S. Gold Corp. (NASDAQ:USAU)

Renaissance Technologies LLC raised its stake in shares of U.S. Gold Corp. (NASDAQ:USAU - Free Report) by 296.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,900 shares of the technology company's stock after acquiring an additional 70,214 shares during the period. Renaissance Technologies LLC owned about 0.76% of U.S. Gold worth $576,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC purchased a new position in U.S. Gold in the fourth quarter valued at about $190,000. Jane Street Group LLC bought a new position in shares of U.S. Gold during the 3rd quarter worth $118,000. JPMorgan Chase & Co. increased its holdings in U.S. Gold by 5,775.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company's stock worth $42,000 after acquiring an additional 7,162 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in U.S. Gold by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company's stock valued at $613,000 after acquiring an additional 3,778 shares during the period. 6.64% of the stock is owned by hedge funds and other institutional investors.

U.S. Gold Price Performance

USAU stock traded up $0.79 during mid-day trading on Friday, reaching $11.45. 212,953 shares of the company traded hands, compared to its average volume of 183,872. The company has a fifty day moving average price of $9.54 and a 200-day moving average price of $8.04. U.S. Gold Corp. has a 52-week low of $4.21 and a 52-week high of $11.75. The company has a market capitalization of $142.96 million, a P/E ratio of -11.45 and a beta of 1.51.

U.S. Gold (NASDAQ:USAU - Get Free Report) last posted its 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). As a group, analysts forecast that U.S. Gold Corp. will post -0.95 EPS for the current year.

Analyst Ratings Changes

Separately, Roth Capital reiterated a "buy" rating on shares of U.S. Gold in a research note on Tuesday.

U.S. Gold Company 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.