U.S. Gold (NASDAQ:USAU) Given New $10.50 Price Target at HC Wainwright

U.S. Gold (NASDAQ:USAUGet Rating) had its price objective cut by HC Wainwright from $11.00 to $10.50 in a research report report published on Monday morning, MarketBeat.com reports. They currently have a buy rating on the technology company’s stock. HC Wainwright also issued estimates for U.S. Gold’s FY2023 earnings at ($0.96) EPS.

U.S. Gold Trading Down 0.2 %

U.S. Gold stock opened at $3.91 on Monday. The business’s fifty day simple moving average is $3.86 and its two-hundred day simple moving average is $4.08. U.S. Gold has a 12 month low of $3.50 and a 12 month high of $11.63. The company has a market capitalization of $32.66 million, a price-to-earnings ratio of -2.37 and a beta of 1.47.

U.S. Gold (NASDAQ:USAUGet Rating) last released its earnings results on Wednesday, September 14th. The technology company reported ($0.23) EPS for the quarter. On average, equities research analysts predict that U.S. Gold will post -0.96 EPS for the current year.

Insider Transactions at U.S. Gold

In other U.S. Gold news, Director Luke Anthony Norman purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, October 20th. The stock was purchased at an average price of $3.64 per share, for a total transaction of $36,400.00. Following the completion of the purchase, the director now directly owns 310,561 shares of the company’s stock, valued at $1,130,442.04. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.78% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of USAU. Virtu Financial LLC purchased a new stake in U.S. Gold during the first quarter valued at $172,000. State Street Corp increased its position in U.S. Gold by 72.2% during the first quarter. State Street Corp now owns 22,900 shares of the technology company’s stock valued at $160,000 after acquiring an additional 9,600 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in U.S. Gold during the third quarter valued at $57,000. Hedge funds and other institutional investors own 5.00% of the company’s stock.

About U.S. Gold

(Get Rating)

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 650 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 87 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.

See Also

Receive News & Ratings for U.S. Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Gold and related companies with MarketBeat.com's FREE daily email newsletter.