U.S. Gold Corp. (NASDAQ:USAU – Get Rating) – Equities research analysts at HC Wainwright boosted their FY2023 EPS estimates for U.S. Gold in a report issued on Monday, November 21st. HC Wainwright analyst H. Ihle now forecasts that the technology company will post earnings of ($0.96) per share for the year, up from their previous forecast of ($0.97). HC Wainwright has a “Buy” rating and a $10.50 price objective on the stock. The consensus estimate for U.S. Gold’s current full-year earnings is ($0.96) per share.
U.S. Gold Stock Down 0.2 %
U.S. Gold stock opened at $3.91 on Wednesday. The company has a market capitalization of $32.66 million, a PE ratio of -2.37 and a beta of 1.47. The firm has a fifty day simple moving average of $3.86 and a two-hundred day simple moving average of $4.08. U.S. Gold has a twelve month low of $3.50 and a twelve month high of $11.63.
Hedge Funds Weigh In On U.S. Gold
Several hedge funds and other institutional investors have recently modified their holdings of USAU. Citadel Advisors LLC bought a new position in shares of U.S. Gold during the third quarter valued at about $57,000. State Street Corp increased its position in shares of U.S. Gold by 72.2% during the first quarter. State Street Corp now owns 22,900 shares of the technology company’s stock valued at $160,000 after buying an additional 9,600 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of U.S. Gold during the first quarter valued at about $172,000. 5.00% of the stock is owned by institutional investors.
In other news, Director Luke Anthony Norman acquired 10,000 shares of the stock in a transaction dated Thursday, October 20th. The stock was purchased at an average cost of $3.64 per share, with a total value of $36,400.00. Following the completion of the purchase, the director now owns 310,561 shares in the company, valued at approximately $1,130,442.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 9.78% of the company’s stock.
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 650 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 87 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.
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