US Gold (NASDAQ:USAU) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Key Points

• US Gold reported earnings of ($0.25) per share, missing the consensus estimate of ($0.15) by $0.10.
• The company's stock traded up $0.06 to reach $11.17 during midday trading, while its market cap stands at $155.04 million.
• Analysts from Roth Capital reissued a "buy" rating with a new target price of $18.00 for US Gold shares, indicating a positive outlook.

US Gold (NASDAQ:USAU - Get Free Report) issued its quarterly earnings results on Tuesday. The technology company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.10), Zacks reports.

US Gold Stock Up 1.5%

NASDAQ:USAU traded up $0.15 during trading hours on Friday, reaching $10.37. The company had a trading volume of 233,284 shares, compared to its average volume of 258,745. The stock has a 50-day moving average of $12.10 and a two-hundred day moving average of $10.18. US Gold has a one year low of $4.71 and a one year high of $14.39. The firm has a market capitalization of $145.49 million, a PE ratio of -5.83 and a beta of 1.28.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Roth Capital reiterated a "buy" rating and set a $18.00 price target (up from $16.00) on shares of US Gold in a report on Tuesday, July 1st. HC Wainwright restated a "buy" rating and issued a $15.00 target price on shares of US Gold in a report on Wednesday, June 25th.

US 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.