Renaissance Technologies LLC Buys 70,214 Shares of U.S. Gold Corp. (NASDAQ:USAU)

Renaissance Technologies LLC boosted its position in shares of U.S. Gold Corp. (NASDAQ:USAU) by 296.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,900 shares of the technology company’s stock after acquiring an additional 70,214 shares during the period. Renaissance Technologies LLC owned approximately 0.76% of U.S. Gold worth $576,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of U.S. Gold by 5,775.8% during the third quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company’s stock valued at $42,000 after purchasing an additional 7,162 shares during the period. Jane Street Group LLC acquired a new position in shares of U.S. Gold in the 3rd quarter valued at $118,000. Commonwealth Equity Services LLC acquired a new position in shares of U.S. Gold in the 4th quarter valued at $190,000. Finally, Geode Capital Management LLC lifted its holdings in shares of U.S. Gold by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock worth $613,000 after acquiring an additional 3,778 shares during the period. Institutional investors and hedge funds own 6.64% of the company’s stock.

U.S. Gold Stock Down 2.4 %

NASDAQ USAU opened at $9.99 on Friday. The stock has a market cap of $124.74 million, a P/E ratio of -9.99 and a beta of 1.51. U.S. Gold Corp. has a twelve month low of $4.21 and a twelve month high of $11.75. The company’s 50-day simple moving average is $9.37 and its 200 day simple moving average is $7.94.

U.S. Gold (NASDAQ:USAU) last issued its earnings results on Monday, March 17th. The technology company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.27). Research analysts anticipate that U.S. Gold Corp. will post -0.95 earnings per share for the current year.

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.