US Gold (USAU) Projected to Post 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 anticipated to issue 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 released its quarterly earnings data on Tuesday, July 29th. The technology company reported ($0.25) earnings per share 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 Trading Up 9.7%

Shares of USAU stock traded up $1.25 during trading hours on Wednesday, reaching $14.11. The company's stock had a trading volume of 466,580 shares, compared to its average volume of 311,596. US Gold has a one year low of $5.11 and a one year high of $14.39. The stock has a market capitalization of $197.96 million, a P/E ratio of -7.93 and a beta of 1.20. The firm's fifty day simple moving average is $11.92 and its 200 day simple moving average is $10.95.

Analysts Set New Price Targets

Several research analysts have commented on USAU shares. HC Wainwright restated a "buy" rating and issued a $15.00 price objective on shares of US Gold in a report on Wednesday, June 25th. Roth Capital reiterated a "buy" rating and set a $19.00 price target (up previously from $18.00) on shares of US Gold in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $14.67.

Institutional Investors Weigh In On US Gold

Several hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in US Gold by 109.6% in the second quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company's stock worth $3,067,000 after purchasing an additional 131,394 shares during the period. 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 purchased 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 position in US Gold during the 2nd quarter valued at approximately $73,000. Finally, Occudo Quantitative Strategies LP increased its position in US Gold by 4.3% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 33,398 shares of the technology company's stock valued at $407,000 after buying an additional 1,379 shares in the last quarter. Institutional investors own 6.64% of the company's stock.

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.