Renaissance Technologies LLC Buys New Shares in US Gold Corp $USAU

Renaissance Technologies LLC purchased a new stake in shares of US Gold Corp (NASDAQ:USAU) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 45,697 shares of the technology company’s stock, valued at approximately $694,000. Renaissance Technologies LLC owned about 0.28% of US Gold at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of USAU. CIBC Private Wealth Group LLC acquired a new position in shares of US Gold during the 4th quarter valued at $39,000. Quantbot Technologies LP acquired a new stake in US Gold in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new stake in US Gold in the fourth quarter valued at $44,000. BNP Paribas Financial Markets increased its stake in US Gold by 157.5% in the third quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,476 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of US Gold by 175.0% during the first quarter. International Assets Investment Management LLC now owns 2,750 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,750 shares during the period. 6.64% of the stock is currently owned by institutional investors and hedge funds.

US Gold Price Performance

USAU stock opened at $14.85 on Monday. US Gold Corp has a twelve month low of $10.32 and a twelve month high of $23.75. The stock’s 50 day moving average is $14.86 and its 200-day moving average is $15.96. The firm has a market capitalization of $245.41 million, a PE ratio of -13.03 and a beta of 0.90.

US Gold (NASDAQ:USAU) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.15). On average, equities research analysts anticipate that US Gold Corp will post -0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on USAU shares. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research report on Friday, July 17th. Wall Street Zen lowered US Gold from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.75.

About US Gold

US Gold Corporation (NASDAQ: USAU) is a U.S.-based mineral exploration and development company focused on advancing gold and copper projects in key mining jurisdictions across the United States. The company’s flagship asset is the Copper King project in Park County, Wyoming, where US Gold holds more than 10,000 contiguous acres in the historic Sweetwater Mining District. Copper King is a bulk-tonnage, porphyry-style copper-gold property for which the company has completed multiple drilling campaigns, metallurgical testing and a preliminary economic assessment.

In addition to Copper King, US Gold controls the Keystone project on the northern Black Hills Gold Trend in South Dakota.