U.S. Gold (NASDAQ:USAU) Releases Quarterly Earnings Results

U.S. Gold (NASDAQ:USAU) posted its earnings results on Monday. The technology company reported ($0.24) earnings per share for the quarter, reports.

U.S. Gold Trading Down 5.9 %

Shares of USAU opened at $5.41 on Thursday. The firm has a market cap of $50.49 million, a P/E ratio of -7.41 and a beta of 1.45. The company’s 50-day moving average price is $5.58 and its 200 day moving average price is $5.04. U.S. Gold has a 12-month low of $2.92 and a 12-month high of $7.06.

Institutional Investors Weigh In On U.S. Gold

A hedge fund recently bought a new stake in U.S. Gold stock. National Bank of Canada FI acquired a new stake in U.S. Gold Corp. (NASDAQ:USAU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,266 shares of the technology company’s stock, valued at approximately $90,000. National Bank of Canada FI owned 0.23% of U.S. Gold as of its most recent filing with the Securities and Exchange Commission (SEC). 6.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $11.00 price objective on shares of U.S. Gold in a research report on Thursday, September 5th.

U.S. 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.