U.S. Gold (NASDAQ:USAU) Announces Quarterly Earnings Results

U.S. Gold (NASDAQ:USAU) posted its quarterly earnings data on Monday. The technology company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.27), Zacks reports.

U.S. Gold Stock Performance

Shares of NASDAQ USAU opened at $9.47 on Tuesday. The stock has a market cap of $118.24 million, a price-to-earnings ratio of -9.47 and a beta of 1.48. The business has a 50 day simple moving average of $8.01 and a 200 day simple moving average of $6.95. U.S. Gold has a 52 week low of $3.40 and a 52 week high of $9.85.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. HC Wainwright upped their target price on U.S. Gold from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Roth Capital raised U.S. Gold to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Roth Mkm started coverage on U.S. Gold in a research note on Wednesday, December 18th. They issued a “buy” rating and a $10.00 price target for the company.

About U.S. 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.