Geode Capital Management LLC Has $613,000 Stock Position in U.S. Gold Corp. (NASDAQ:USAU)

Geode Capital Management LLC lifted its stake in U.S. Gold Corp. (NASDAQ:USAU) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,496 shares of the technology company’s stock after acquiring an additional 3,778 shares during the period. Geode Capital Management LLC owned approximately 0.98% of U.S. Gold worth $613,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of USAU. Jane Street Group LLC acquired a new stake in shares of U.S. Gold in the third quarter worth $118,000. Quadrature Capital Ltd acquired a new stake in shares of U.S. Gold in the third quarter worth $59,000. Finally, Prospera Financial Services Inc grew its stake in shares of U.S. Gold by 3.8% in the third quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock worth $317,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 6.64% of the company’s stock.

Analyst Ratings Changes

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

U.S. Gold Price Performance

Shares of USAU stock opened at $6.30 on Friday. The stock has a market cap of $68.42 million, a P/E ratio of -7.59 and a beta of 1.50. U.S. Gold Corp. has a one year low of $3.20 and a one year high of $8.61. The stock has a fifty day moving average price of $6.88 and a 200 day moving average price of $6.10.

U.S. Gold (NASDAQ:USAU) last issued its earnings results on Monday, December 16th. The technology company reported ($0.20) EPS for the quarter. Equities research analysts anticipate that U.S. Gold Corp. will post -1.06 EPS for the current year.

About U.S. Gold

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.