US Gold (USAU) Expected to Announce Earnings on Monday

Key Points

• US Gold (NASDAQ:USAU) is anticipated to announce its earnings on September 15th, with analysts predicting a loss of ($0.20) per share.
• The company's recent earnings report showed a greater loss than expected, with a recorded EPS of ($0.25) for the previous quarter.
• Several hedge funds have increased their stakes in US Gold during the second quarter, indicating growing institutional interest in the company.

US Gold (NASDAQ:USAU - Get Free Report) is expected to be issuing its results before the market opens on Monday, September 15th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter.

US Gold (NASDAQ:USAU - Get Free Report) last announced its earnings results on Tuesday, July 29th. The technology company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.10). On average, analysts expect US Gold to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

US Gold Stock Performance

Shares of NASDAQ:USAU traded up $0.61 during mid-day trading on Friday, hitting $15.82. 507,496 shares of the company traded hands, compared to its average volume of 294,149. The firm has a market cap of $221.95 million, a P/E ratio of -8.89 and a beta of 1.20. US Gold has a 52-week low of $5.41 and a 52-week high of $16.36. The firm's 50 day simple moving average is $12.06 and its 200 day simple moving average is $11.08.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of US Gold by 109.6% during the 2nd quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company's stock valued at $3,067,000 after purchasing an additional 131,394 shares in the last quarter. New York State Common Retirement Fund bought a new stake in shares of US Gold in the 2nd quarter worth approximately $94,000. Quantbot Technologies LP bought a new stake in shares of US Gold in the 2nd quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of US Gold in the 2nd quarter worth approximately $73,000. Finally, Occudo Quantitative Strategies LP raised its holdings in shares of US Gold by 4.3% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 33,398 shares of the technology company's stock worth $407,000 after purchasing an additional 1,379 shares in the last quarter. Institutional investors and hedge funds own 6.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Roth Capital reiterated a "buy" rating and issued a $19.00 price target (up from $18.00) on shares of US Gold in a report on Monday, August 4th. HC Wainwright reiterated a "buy" rating and issued a $15.00 price target on shares of US Gold in a report on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $14.67.

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.