US Gold (NASDAQ:USAU) Announces Earnings Results

Key Points

• US Gold reported quarterly earnings of ($0.15) per share, surpassing analysts' expectations of ($0.20) by $0.05.
• The company's stock has a market capitalization of $212.41 million and a price-to-earnings ratio of -8.51, with shares trading between a fifty-two week low of $5.41 and high of $16.36.
• Analyst ratings for US Gold are generally positive, with an average rating of "Buy" and a consensus price target of $14.67.

US Gold (NASDAQ:USAU - Get Free Report) announced its quarterly earnings data on Monday. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.05, Zacks reports.

US Gold Price Performance

Shares of US Gold stock traded up $0.11 during trading on Friday, hitting $15.93. 550,619 shares of the stock were exchanged, compared to its average volume of 314,548. The stock has a market cap of $228.60 million, a price-to-earnings ratio of -10.41 and a beta of 1.20. The firm's 50-day moving average price is $12.36 and its 200 day moving average price is $11.32. US Gold has a 12-month low of $5.44 and a 12-month high of $16.36.

Wall Street Analysts Forecast Growth

USAU has been the subject of several analyst reports. Roth Capital reissued a "buy" rating and issued a $19.00 price target (up previously from $18.00) on shares of US Gold in a research note on Monday, August 4th. HC Wainwright reaffirmed a "buy" rating and set a $15.00 price objective on shares of US Gold in a research report on Wednesday, June 25th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $14.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in shares of US Gold during the 2nd quarter worth about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in US Gold during the 2nd quarter worth $73,000. Bank of America Corp DE raised its stake in US Gold by 6,786.2% during the 2nd quarter. Bank of America Corp DE now owns 6,473 shares of the technology company's stock worth $79,000 after acquiring an additional 6,379 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in US Gold during the 2nd quarter worth $94,000. Finally, Engineers Gate Manager LP raised its stake in US Gold by 38.0% during the 2nd quarter. Engineers Gate Manager LP now owns 15,571 shares of the technology company's stock worth $190,000 after acquiring an additional 4,287 shares in the last quarter. 6.64% of the stock is owned by institutional investors and hedge funds.

About US Gold

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.