Geode Capital Management LLC Buys 3,778 Shares of U.S. Gold Corp. (NASDAQ:USAU)

Geode Capital Management LLC raised its stake in shares of U.S. Gold Corp. (NASDAQ:USAU) by 3.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,496 shares of the technology company’s stock after acquiring an additional 3,778 shares during the quarter. Geode Capital Management LLC’s holdings in U.S. Gold were worth $613,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USAU. Prospera Financial Services Inc lifted its holdings in shares of U.S. Gold by 3.8% during the third quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after acquiring an additional 2,000 shares during the period. Quadrature Capital Ltd bought a new position in shares of U.S. Gold in the third quarter valued at about $59,000. Finally, Jane Street Group LLC bought a new position in shares of U.S. Gold in the third quarter valued at about $118,000. 6.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

U.S. Gold Stock Performance

Shares of U.S. Gold stock opened at $6.30 on Friday. The firm has a fifty day moving average of $6.88 and a two-hundred day moving average of $6.10. The stock has a market capitalization of $68.42 million, a price-to-earnings ratio of -7.59 and a beta of 1.50. U.S. Gold Corp. has a 52 week low of $3.20 and a 52 week high of $8.61.

U.S. Gold (NASDAQ:USAU) last announced its quarterly earnings results on Monday, December 16th. The technology company reported ($0.20) EPS for the quarter. As a group, research analysts forecast that U.S. Gold Corp. will post -1.06 EPS for the current fiscal year.

U.S. Gold Profile

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.