Jane Street Group LLC Invests $118,000 in U.S. Gold Corp. (NASDAQ:USAU)

Jane Street Group LLC bought a new stake in U.S. Gold Corp. (NASDAQ:USAU) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,390 shares of the technology company’s stock, valued at approximately $118,000. Jane Street Group LLC owned 0.19% of U.S. Gold at the end of the most recent reporting period.

Separately, Prospera Financial Services Inc lifted its holdings in shares of U.S. Gold by 3.8% during the third quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after purchasing an additional 2,000 shares during the last quarter. 6.64% of the stock is currently owned by institutional investors.

U.S. Gold Trading Up 1.0 %

Shares of U.S. Gold stock opened at $6.36 on Wednesday. The firm has a fifty day simple moving average of $6.88 and a 200-day simple moving average of $6.13. The stock has a market capitalization of $78.37 million, a price-to-earnings ratio of -7.66 and a beta of 1.54. U.S. Gold Corp. has a 1-year low of $3.20 and a 1-year high of $8.61.

U.S. Gold (NASDAQ:USAU) last released its earnings results on Monday, December 16th. The technology company reported ($0.20) earnings per share for the quarter. As a group, research analysts predict that U.S. Gold Corp. will post -1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

USAU has been the topic of a number of research analyst reports. Roth Capital upgraded U.S. Gold to a “strong-buy” rating in a report on Wednesday, December 18th. Roth Mkm started coverage on U.S. Gold in a research note on Wednesday, December 18th. They set a “buy” rating and a $10.00 target price on the stock. Finally, HC Wainwright increased their price target on shares of U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th.

U.S. Gold 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.