Commonwealth Equity Services LLC Takes Position in U.S. Gold Corp. (NASDAQ:USAU)

Commonwealth Equity Services LLC purchased a new stake in shares of U.S. Gold Corp. (NASDAQ:USAU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,000 shares of the technology company's stock, valued at approximately $190,000. Commonwealth Equity Services LLC owned 0.25% of U.S. Gold at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of U.S. Gold by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company's stock worth $613,000 after purchasing an additional 3,778 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of U.S. Gold in the 3rd quarter valued at $118,000. JPMorgan Chase & Co. raised its stake in shares of U.S. Gold by 5,775.8% in the third quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company's stock worth $42,000 after purchasing an additional 7,162 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in U.S. Gold during the 3rd quarter valued at approximately $59,000. 6.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on USAU shares. Roth Mkm assumed coverage on U.S. Gold in a research note on Wednesday, December 18th. They set a "buy" rating and a $10.00 price objective for the company. Roth Capital raised U.S. Gold to a "strong-buy" rating in a report on Wednesday, December 18th.

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U.S. Gold Stock Down 1.7 %

Shares of U.S. Gold stock traded down $0.17 on Tuesday, hitting $9.92. 162,098 shares of the company were exchanged, compared to its average volume of 161,991. U.S. Gold Corp. has a 1-year low of $3.80 and a 1-year high of $11.75. The stock has a market capitalization of $123.86 million, a price-to-earnings ratio of -9.92 and a beta of 1.38. The company has a 50-day moving average price of $9.03 and a 200 day moving average price of $7.53.

U.S. Gold (NASDAQ:USAU - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The technology company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.27). Research analysts forecast that U.S. Gold Corp. will post -0.95 EPS for the current year.

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.