U.S. Gold Corp. (NASDAQ:USAU) Director Purchases $20,950.00 in Stock

U.S. Gold Corp. (NASDAQ:USAU) Director Luke Anthony Norman bought 5,000 shares of the stock in a transaction dated Monday, April 15th. The shares were purchased at an average price of $4.19 per share, for a total transaction of $20,950.00. Following the purchase, the director now owns 348,980 shares of the company’s stock, valued at approximately $1,462,226.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

U.S. Gold Trading Up 7.1 %

Shares of NASDAQ USAU opened at $4.37 on Friday. The firm has a market cap of $40.78 million, a P/E ratio of -5.99 and a beta of 1.30. U.S. Gold Corp. has a 1-year low of $2.92 and a 1-year high of $5.21. The business’s 50 day moving average is $3.74 and its 200-day moving average is $3.62.

U.S. Gold (NASDAQ:USAU) last announced its earnings results on Monday, March 18th. The technology company reported ($0.18) earnings per share for the quarter. Analysts forecast that U.S. Gold Corp. will post -1.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and set a $11.00 target price on shares of U.S. Gold in a research note on Friday, March 1st.

Institutional Investors Weigh In On U.S. Gold

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in U.S. Gold by 11.8% during the second quarter. Geode Capital Management LLC now owns 59,947 shares of the technology company’s stock worth $267,000 after buying an additional 6,336 shares in the last quarter. Dimensional Fund Advisors LP grew its position in U.S. Gold by 25.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 36,498 shares of the technology company’s stock worth $175,000 after buying an additional 7,415 shares in the last quarter. Virtu Financial LLC acquired a new stake in U.S. Gold during the first quarter worth approximately $172,000. State Street Corp grew its position in U.S. Gold by 72.2% during the first quarter. State Street Corp now owns 22,900 shares of the technology company’s stock worth $160,000 after buying an additional 9,600 shares in the last quarter. Finally, BlackRock Inc. grew its position in U.S. Gold by 27.9% during the second quarter. BlackRock Inc. now owns 21,663 shares of the technology company’s stock worth $96,000 after buying an additional 4,722 shares in the last quarter. Institutional investors and hedge funds own 6.64% of the company’s stock.

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.