U.S. Gold (NASDAQ:USAU) Announces Earnings Results

U.S. Gold (NASDAQ:USAU) issued its quarterly earnings results on Monday. The technology company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.27), Zacks reports.

U.S. Gold Price Performance

Shares of USAU stock traded up $0.48 on Monday, reaching $9.47. 364,403 shares of the company were exchanged, compared to its average volume of 209,702. The company has a 50-day moving average of $7.94 and a 200-day moving average of $6.92. The company has a market cap of $118.24 million, a price-to-earnings ratio of -9.47 and a beta of 1.48. U.S. Gold has a one year low of $3.40 and a one year high of $9.85.

Analyst Upgrades and Downgrades

USAU has been the topic of several research analyst reports. Roth Mkm initiated coverage on U.S. Gold in a research report on Wednesday, December 18th. They set a “buy” rating and a $10.00 target price on the stock. Roth Capital upgraded U.S. Gold to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, 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 report on Wednesday, November 20th.

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.