Up Capital Management Inc. Acquires New Position in US Gold Corp $USAU

Up Capital Management Inc. bought a new position in shares of US Gold Corp (NASDAQ:USAU) during the 4th quarter, HoldingsChannel.com reports. The fund bought 265,663 shares of the technology company’s stock, valued at approximately $5,157,000. US Gold makes up 4.6% of Up Capital Management Inc.’s investment portfolio, making the stock its 9th largest position.

A number of other hedge funds also recently added to or reduced their stakes in USAU. Geode Capital Management LLC boosted its position in US Gold by 109.6% in the 2nd quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company’s stock valued at $3,067,000 after buying an additional 131,394 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of US Gold during the second quarter worth $94,000. Quantbot Technologies LP acquired a new stake in shares of US Gold in the second quarter valued at $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of US Gold in the second quarter valued at $73,000. Finally, Occudo Quantitative Strategies LP boosted its holdings in US Gold by 4.3% in the second quarter. Occudo Quantitative Strategies LP now owns 33,398 shares of the technology company’s stock valued at $407,000 after purchasing an additional 1,379 shares during the period. 6.64% of the stock is currently owned by institutional investors and hedge funds.

US Gold Price Performance

NASDAQ USAU opened at $15.85 on Friday. US Gold Corp has a 1 year low of $10.09 and a 1 year high of $23.75. The company has a market capitalization of $261.52 million, a PE ratio of -10.93 and a beta of 0.86. The company has a fifty day moving average of $15.97 and a two-hundred day moving average of $17.23.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research note on Monday, April 20th. HC Wainwright reaffirmed a “buy” rating and issued a $27.50 price target on shares of US Gold in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.75.

US Gold Profile

US Gold Corporation (NASDAQ: USAU) is a U.S.-based mineral exploration and development company focused on advancing gold and copper projects in key mining jurisdictions across the United States. The company’s flagship asset is the Copper King project in Park County, Wyoming, where US Gold holds more than 10,000 contiguous acres in the historic Sweetwater Mining District. Copper King is a bulk-tonnage, porphyry-style copper-gold property for which the company has completed multiple drilling campaigns, metallurgical testing and a preliminary economic assessment.

In addition to Copper King, US Gold controls the Keystone project on the northern Black Hills Gold Trend in South Dakota.