US Gold (USAU) Projected to Post Earnings on Monday

US Gold (NASDAQ:USAU) will likely be announcing its results before the market opens on Monday, September 15th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter.

US Gold (NASDAQ:USAU) last posted its earnings results on Tuesday, July 29th. The technology company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.10). On average, analysts expect US Gold to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

US Gold Trading Up 1.3%

Shares of USAU opened at $12.47 on Monday. The firm has a fifty day simple moving average of $11.90 and a two-hundred day simple moving average of $10.91. The firm has a market cap of $174.95 million, a PE ratio of -7.01 and a beta of 1.19. US Gold has a 1-year low of $5.04 and a 1-year high of $14.39.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in US Gold during the 2nd quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of US Gold during the 2nd quarter valued at $73,000. Bank of America Corp DE boosted its holdings in US Gold by 6,786.2% in the 2nd quarter. Bank of America Corp DE now owns 6,473 shares of the technology company’s stock worth $79,000 after buying an additional 6,379 shares during the period. New York State Common Retirement Fund purchased a new stake in US Gold in the 2nd quarter worth $94,000. Finally, Engineers Gate Manager LP raised its holdings in US Gold by 38.0% during the second quarter. Engineers Gate Manager LP now owns 15,571 shares of the technology company’s stock valued at $190,000 after acquiring an additional 4,287 shares during the period. 6.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. HC Wainwright reiterated a “buy” rating and set a $15.00 price objective on shares of US Gold in a research report on Wednesday, June 25th. Roth Capital reaffirmed a “buy” rating and set a $19.00 price target (up previously from $18.00) on shares of US Gold in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, US Gold presently has an average rating of “Buy” and a consensus price target of $14.67.

About US 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.