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

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

U.S. Gold Stock Up 5.3 %

USAU stock opened at $9.47 on Tuesday. U.S. Gold has a fifty-two week low of $3.40 and a fifty-two week high of $9.85. The company has a market capitalization of $118.24 million, a P/E ratio of -9.47 and a beta of 1.48. The company has a 50-day simple moving average of $8.01 and a 200 day simple moving average of $6.95.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on USAU shares. HC Wainwright boosted their price target on U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Roth Capital upgraded U.S. Gold to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Roth Mkm began coverage on shares of U.S. Gold in a report on Wednesday, December 18th. They set 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.