HC Wainwright Issues Negative Outlook for U.S. Gold Earnings

U.S. Gold Corp. (NASDAQ:USAU) – Analysts at HC Wainwright lowered their FY2025 earnings estimates for U.S. Gold in a research note issued on Wednesday, November 20th. HC Wainwright analyst H. Ihle now forecasts that the technology company will post earnings of ($1.06) per share for the year, down from their previous forecast of ($0.94). HC Wainwright has a “Buy” rating and a $13.00 price objective on the stock. The consensus estimate for U.S. Gold’s current full-year earnings is ($0.94) per share.

U.S. Gold (NASDAQ:USAU) last posted its quarterly earnings data on Monday, September 16th. The technology company reported ($0.24) earnings per share for the quarter.

U.S. Gold Stock Up 1.6 %

NASDAQ USAU opened at $8.01 on Friday. The stock’s 50-day simple moving average is $6.14 and its two-hundred day simple moving average is $5.73. U.S. Gold has a twelve month low of $3.20 and a twelve month high of $8.50. The company has a market capitalization of $86.27 million, a price-to-earnings ratio of -9.49 and a beta of 1.45.

Hedge Funds Weigh In On U.S. Gold

A number of large investors have recently modified their holdings of USAU. Geode Capital Management LLC grew its position in U.S. Gold by 3.7% during the third quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after acquiring an additional 3,778 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of U.S. Gold by 3.8% in the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after purchasing an additional 2,000 shares in the last quarter. Jane Street Group LLC bought a new position in shares of U.S. Gold during the 3rd quarter valued at $118,000. Finally, Quadrature Capital Ltd purchased a new position in U.S. Gold in the 3rd quarter worth $59,000. 6.64% of the stock is owned by hedge funds and other institutional investors.

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.