US Gold (NASDAQ:USAU) Director Buys $10,437.00 in Stock

US Gold Corp (NASDAQ:USAU) Director Johanna Fipke acquired 700 shares of the stock in a transaction on Friday, April 10th. The shares were bought at an average price of $14.91 per share, with a total value of $10,437.00. Following the purchase, the director directly owned 25,398 shares of the company’s stock, valued at $378,684.18. The trade was a 2.83% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

US Gold Trading Up 2.1%

Shares of NASDAQ:USAU opened at $16.89 on Thursday. The stock has a fifty day simple moving average of $16.54 and a two-hundred day simple moving average of $17.37. The stock has a market capitalization of $278.69 million, a price-to-earnings ratio of -11.65 and a beta of 0.89. US Gold Corp has a 12-month low of $9.03 and a 12-month high of $23.75.

US Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, March 16th. The technology company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.22). As a group, equities research analysts predict that US Gold Corp will post -0.95 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of USAU. Quantbot Technologies LP purchased a new position in shares of US Gold in the second quarter worth $25,000. CIBC Private Wealth Group LLC purchased a new position in shares of US Gold in the fourth quarter worth $39,000. BNP Paribas Financial Markets raised its stake in shares of US Gold by 157.5% in the third quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,476 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of US Gold in the fourth quarter worth $44,000. Finally, Ameritas Advisory Services LLC raised its stake in shares of US Gold by 26,900.0% in the third quarter. Ameritas Advisory Services LLC now owns 2,700 shares of the technology company’s stock worth $44,000 after purchasing an additional 2,690 shares during the last quarter. Hedge funds and other institutional investors own 6.64% of the company’s stock.

Wall Street Analyst Weigh In

USAU has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a research note on Wednesday, January 21st. HC Wainwright reiterated a “buy” rating and set a $27.50 price objective on shares of US Gold in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, US Gold has an average rating of “Hold” and an average target price of $26.75.

US Gold Company Profile

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.