US Gold (USAU) to Release Quarterly Earnings on Monday

US Gold (NASDAQ:USAU) is projected to announce its results before the market opens on Monday, December 15th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.

US Gold (NASDAQ:USAU) last released its earnings results on Monday, September 15th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.05. 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 Stock Down 3.1%

USAU stock opened at $16.67 on Monday. The company has a market cap of $239.38 million, a PE ratio of -10.90 and a beta of 0.96. The business has a 50-day simple moving average of $16.48 and a 200 day simple moving average of $13.95. US Gold has a 52 week low of $5.86 and a 52 week high of $19.20.

Hedge Funds Weigh In On US Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in US Gold by 109.6% in the second quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company’s stock valued at $3,067,000 after buying an additional 131,394 shares during the period. New York State Common Retirement Fund bought a new position in shares of US Gold in the 2nd quarter worth about $94,000. Quantbot Technologies LP acquired a new position in shares of US Gold in the 2nd quarter valued at about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of US Gold in the 2nd quarter valued at about $73,000. Finally, Occudo Quantitative Strategies LP boosted its position in shares of US Gold by 4.3% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 33,398 shares of the technology company’s stock valued at $407,000 after purchasing an additional 1,379 shares in the last quarter. 6.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on USAU shares. Wall Street Zen raised shares of US Gold from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research note on Wednesday, October 8th. Zacks Research downgraded shares of US Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Roth Capital raised their target price on US Gold from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Finally, HC Wainwright lifted their price target on US Gold from $15.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, US Gold currently has a consensus rating of “Hold” and a consensus price target of $17.33.

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.