U.S. Gold Corp. (NASDAQ:USAU) Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in U.S. Gold Corp. (NASDAQ:USAU) by 5,775.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,286 shares of the technology company’s stock after buying an additional 7,162 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of U.S. Gold worth $42,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prospera Financial Services Inc lifted its stake in 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 buying an additional 2,000 shares in the last quarter. Quadrature Capital Ltd purchased a new position in U.S. Gold during the 3rd quarter worth approximately $59,000. Jane Street Group LLC purchased a new stake in shares of U.S. Gold in the third quarter valued at $118,000. Finally, Geode Capital Management LLC grew its holdings in shares of U.S. Gold by 3.7% during the third quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after buying an additional 3,778 shares in the last quarter. 6.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. 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 price target for the company. Finally, HC Wainwright boosted their target price 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 Price Performance

Shares of U.S. Gold stock opened at $8.72 on Wednesday. The firm has a fifty day moving average price of $6.96 and a two-hundred day moving average price of $6.26. The company has a market cap of $107.43 million, a PE ratio of -8.72 and a beta of 1.56. U.S. Gold Corp. has a fifty-two week low of $3.20 and a fifty-two week high of $8.80.

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. Analysts expect that U.S. Gold Corp. will post -0.97 earnings per share for the current fiscal year.

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.