HC Wainwright Decreases Earnings Estimates for U.S. Gold

U.S. Gold Corp. (NASDAQ:USAU) – Equities research analysts at HC Wainwright decreased their FY2025 earnings per share (EPS) estimates for U.S. Gold in a note issued to investors on Wednesday, November 20th. HC Wainwright analyst H. Ihle now anticipates that the technology company will post earnings of ($1.06) per share for the year, down from their previous forecast of ($0.94). HC Wainwright currently has a “Buy” rating and a $13.00 price target on the stock. The consensus estimate for U.S. Gold’s current full-year earnings is ($0.94) per share.

U.S. Gold (NASDAQ:USAU) last posted its quarterly earnings data on Monday, September 16th. The technology company reported ($0.24) EPS for the quarter.

U.S. Gold Stock Up 0.6 %

Shares of USAU opened at $7.88 on Friday. U.S. Gold has a 52 week low of $3.20 and a 52 week high of $8.50. The stock has a market cap of $84.87 million, a price-to-earnings ratio of -9.49 and a beta of 1.45. The business has a 50-day simple moving average of $6.10 and a two-hundred day simple moving average of $5.72.

Institutional Investors Weigh In On U.S. Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in shares of U.S. Gold in the third quarter worth $59,000. Jane Street Group LLC bought a new position in U.S. Gold in the 3rd quarter worth $118,000. Prospera Financial Services Inc boosted its holdings in U.S. Gold by 3.8% in the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock worth $317,000 after buying an additional 2,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in U.S. Gold by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock worth $613,000 after buying an additional 3,778 shares in the last quarter. Institutional investors own 6.64% of the company’s stock.

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.