U.S. Gold Corp. (NASDAQ:USAU – Get Rating) – Equities research analysts at HC Wainwright lifted their FY2023 earnings estimates for U.S. Gold in a report issued on Monday, November 21st. HC Wainwright analyst H. Ihle now anticipates that the technology company will post earnings of ($0.96) per share for the year, up from their previous estimate 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 ($0.97) per share.
U.S. Gold Trading Down 0.2 %
USAU opened at $3.91 on Wednesday. U.S. Gold has a 1-year low of $3.50 and a 1-year high of $11.63. The company has a market cap of $32.65 million, a P/E ratio of -2.37 and a beta of 1.47. The company has a fifty day moving average price of $3.86 and a two-hundred day moving average price of $4.08.
Institutional Investors Weigh In On U.S. Gold
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in shares of U.S. Gold during the third quarter worth about $57,000. Virtu Financial LLC bought a new stake in shares of U.S. Gold during the first quarter worth about $172,000. Finally, 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 worth $160,000 after acquiring an additional 9,600 shares in the last quarter. 5.00% of the stock is owned by institutional investors.
Insider Buying and Selling at U.S. Gold
In other U.S. Gold news, Director Luke Anthony Norman bought 10,000 shares of the firm’s stock in a transaction dated Thursday, October 20th. The stock was bought at an average cost of $3.64 per share, with a total value of $36,400.00. Following the completion of the transaction, the director now directly owns 310,561 shares in the company, valued at approximately $1,130,442.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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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