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

U.S. Gold (NASDAQ:USAUGet Rating) had its price target decreased by HC Wainwright from $11.00 to $10.50 in a report released on Monday, MarketBeat.com reports. HC Wainwright currently has 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 %

Shares of NASDAQ USAU opened at $3.91 on Monday. The stock has a market cap of $32.66 million, a price-to-earnings ratio of -2.37 and a beta of 1.47. U.S. Gold has a 1-year low of $3.50 and a 1-year high of $11.63. The stock’s 50-day moving average is $3.86 and its 200 day moving average is $4.08.

U.S. Gold (NASDAQ:USAUGet Rating) last announced its quarterly earnings data on Wednesday, September 14th. The technology company reported ($0.23) earnings per share for the quarter. On average, analysts forecast that U.S. Gold will post -0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Luke Anthony Norman purchased 10,000 shares of the firm’s stock in a transaction on Thursday, October 20th. The shares were acquired at an average cost of $3.64 per share, with a total value of $36,400.00. Following the purchase, the director now directly owns 310,561 shares of the company’s stock, valued at $1,130,442.04. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.78% of the company’s stock.

Hedge Funds Weigh In On U.S. Gold

A number of large investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in shares of U.S. Gold in the 3rd quarter worth approximately $57,000. State Street Corp grew its position in shares of U.S. Gold by 72.2% in the 1st quarter. State Street Corp now owns 22,900 shares of the technology company’s stock worth $160,000 after buying an additional 9,600 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of U.S. Gold in the 1st quarter worth approximately $172,000. 5.00% of the stock is owned by hedge funds and other institutional investors.

U.S. Gold Company Profile

(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.

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