Key Points
- Director Johanna Fipke purchased 700 shares on April 10 at an average price of $14.91, raising her stake to 25,398 shares (a 2.83% increase) valued at about $378,684.
- US Gold reported Q1 EPS of ($0.35), missing estimates by $0.22, and analysts expect the company to post approximately ($0.95) EPS for the current fiscal year.
- The stock is trading up ~3.1% (opened $15.42) with a market cap of $254.5M and mixed analyst coverage—consensus rating "Hold" with a $26.75 target (two Buys, one Hold, one Sell).
US Gold Corp (NASDAQ:USAU - Get Free Report) Director Johanna Fipke purchased 700 shares of the company's stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average cost of $14.91 per share, with a total value of $10,437.00. Following the completion of the purchase, the director owned 25,398 shares of the company's stock, valued at $378,684.18. The trade was a 2.83% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
US Gold Trading Up 3.1%
Shares of US Gold stock opened at $15.42 on Tuesday. The stock has a 50 day moving average of $16.57 and a 200 day moving average of $17.37. US Gold Corp has a 12 month low of $9.03 and a 12 month high of $23.75. The firm has a market cap of $254.45 million, a PE ratio of -10.63 and a beta of 0.89.
US Gold (NASDAQ:USAU - Get Free Report) last announced its quarterly earnings results on Monday, March 16th. The technology company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.22). As a group, equities research analysts forecast that US Gold Corp will post -0.95 earnings per share for the current fiscal year.
Institutional Investors Weigh In On US Gold
A number of institutional investors and hedge funds have recently modified their holdings of USAU. Geode Capital Management LLC lifted its stake 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 worth $3,067,000 after acquiring an additional 131,394 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of US Gold during the 2nd quarter worth approximately $94,000. Quantbot Technologies LP bought a new stake in shares of US Gold during the 2nd quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of US Gold during the 2nd quarter worth approximately $73,000. Finally, Occudo Quantitative Strategies LP lifted its stake in shares of US Gold by 4.3% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 33,398 shares of the technology company's stock worth $407,000 after acquiring an additional 1,379 shares during the last quarter. 6.64% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on USAU. HC Wainwright reaffirmed a "buy" rating and issued a $27.50 price objective on shares of US Gold in a research note on Thursday, April 2nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of US Gold in a research note on Wednesday, January 21st. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $26.00 price objective (up from $20.00) on shares of US Gold in a research note on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.75.
View Our Latest Report on USAU
About US Gold
(
Get Free Report)
US Gold Corporation (NASDAQ: USAU) is a U.S.-based mineral exploration and development company focused on advancing gold and copper projects in key mining jurisdictions across the United States. The company’s flagship asset is the Copper King project in Park County, Wyoming, where US Gold holds more than 10,000 contiguous acres in the historic Sweetwater Mining District. Copper King is a bulk-tonnage, porphyry-style copper-gold property for which the company has completed multiple drilling campaigns, metallurgical testing and a preliminary economic assessment.
In addition to Copper King, US Gold controls the Keystone project on the northern Black Hills Gold Trend in South Dakota.
Further Reading
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