Squarepoint Ops LLC Takes Position in U.S. Gold Corp. (NASDAQ:USAU)

Squarepoint Ops LLC purchased a new position in shares of U.S. Gold Corp. (NASDAQ:USAU) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,292 shares of the technology company’s stock, valued at approximately $69,000. Squarepoint Ops LLC owned 0.09% of U.S. Gold at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Occudo Quantitative Strategies LP acquired a new stake in U.S. Gold in the fourth quarter valued at $73,000. JPMorgan Chase & Co. raised its stake in U.S. Gold by 93.8% in the 4th quarter. JPMorgan Chase & Co. now owns 14,117 shares of the technology company’s stock valued at $87,000 after purchasing an additional 6,831 shares during the last quarter. Walleye Capital LLC purchased a new stake in U.S. Gold in the 4th quarter valued at about $114,000. Cubist Systematic Strategies LLC purchased a new stake in U.S. Gold in the 4th quarter valued at about $182,000. Finally, Commonwealth Equity Services LLC purchased a new stake in U.S. Gold in the 4th quarter valued at about $190,000. 6.64% of the stock is owned by institutional investors and hedge funds.

U.S. Gold Stock Down 2.9%

Shares of U.S. Gold stock opened at $13.16 on Wednesday. The firm has a market cap of $167.04 million, a price-to-earnings ratio of -13.16 and a beta of 1.32. The business has a fifty day simple moving average of $10.57 and a 200-day simple moving average of $8.84. U.S. Gold Corp. has a fifty-two week low of $4.71 and a fifty-two week high of $14.39.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. HC Wainwright reaffirmed a “buy” rating and issued a $15.00 price objective (up from $14.00) on shares of U.S. Gold in a research note on Friday, May 23rd. Roth Capital reaffirmed a “buy” rating on shares of U.S. Gold in a research report on Tuesday, May 6th.

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.