U.S. Gold (NASDAQ:USAU) Posts Quarterly Earnings Results, Misses Expectations By $0.27 EPS

U.S. Gold (NASDAQ:USAU) announced its earnings results 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 Up 5.3 %

USAU traded up $0.48 during trading hours on Monday, hitting $9.47. The stock had a trading volume of 364,402 shares, compared to its average volume of 136,248. The company’s fifty day simple moving average is $7.94 and its 200 day simple moving average is $6.92. U.S. Gold has a 1 year low of $3.40 and a 1 year high of $9.85. The stock has a market cap of $118.24 million, a PE ratio of -9.47 and a beta of 1.48.

Analyst Ratings Changes

USAU has been the subject of several research analyst reports. HC Wainwright raised their target price on U.S. Gold from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Roth Capital raised U.S. Gold to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, 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 objective 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.