Universal Beteiligungs und Servicegesellschaft mbH Grows Position in US Gold Corp (NASDAQ:USAU)

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in US Gold Corp (NASDAQ:USAU) by 41.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,000 shares of the technology company’s stock after acquiring an additional 7,000 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.19% of US Gold worth $218,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new position in shares of US Gold in the 1st quarter valued at about $46,000. Squarepoint Ops LLC purchased a new position in US Gold in the fourth quarter valued at about $69,000. Occudo Quantitative Strategies LP purchased a new position in US Gold in the fourth quarter valued at about $73,000. JPMorgan Chase & Co. lifted its position in shares of US Gold by 93.8% during the 4th quarter. JPMorgan Chase & Co. now owns 14,117 shares of the technology company’s stock valued at $87,000 after acquiring an additional 6,831 shares during the period. Finally, Walleye Capital LLC purchased a new stake in shares of US Gold during the 4th quarter worth approximately $114,000. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

US Gold Trading Up 8.5%

Shares of USAU opened at $11.25 on Tuesday. US Gold Corp has a 12-month low of $4.71 and a 12-month high of $14.39. The stock has a market cap of $157.84 million, a P/E ratio of -6.32 and a beta of 1.27. The company has a 50-day moving average of $12.10 and a two-hundred day moving average of $10.22.

US Gold (NASDAQ:USAU) last issued its quarterly earnings data on Tuesday, July 29th. The technology company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.10). As a group, analysts forecast that US Gold Corp will post -0.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on USAU. Roth Capital restated a “buy” rating and issued a $19.00 price target (up previously from $18.00) on shares of US Gold in a report on Monday. HC Wainwright reissued a “buy” rating and issued a $15.00 target price on shares of US Gold in a report on Wednesday, June 25th.

US Gold 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.