Los Angeles Capital Management LLC Makes New $1.37 Million Investment in US Gold Corp $USAU

Los Angeles Capital Management LLC acquired a new stake in US Gold Corp (NASDAQ:USAU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 70,644 shares of the technology company’s stock, valued at approximately $1,371,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of US Gold by 16.6% during the 3rd quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company’s stock worth $10,694,000 after acquiring an additional 92,153 shares during the period. Geode Capital Management LLC raised its stake in US Gold by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 286,848 shares of the technology company’s stock valued at $5,569,000 after acquiring an additional 8,812 shares during the period. Millennium Management LLC acquired a new stake in US Gold during the 3rd quarter valued at $3,737,000. Goldman Sachs Group Inc. lifted its holdings in US Gold by 334.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 177,993 shares of the technology company’s stock valued at $3,455,000 after purchasing an additional 137,009 shares during the last quarter. Finally, UBS Group AG boosted its position in US Gold by 215.7% during the third quarter. UBS Group AG now owns 65,242 shares of the technology company’s stock worth $1,075,000 after purchasing an additional 44,573 shares during the period. 6.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on USAU. HC Wainwright reiterated a “buy” rating and issued a $27.50 price objective on shares of US Gold in a report on Thursday, April 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of US Gold in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.75.

US Gold Stock Down 1.7%

Shares of NASDAQ:USAU opened at $14.52 on Thursday. US Gold Corp has a 12-month low of $10.09 and a 12-month high of $23.75. The company’s 50 day moving average price is $15.90 and its two-hundred day moving average price is $17.25. The firm has a market cap of $239.58 million, a PE ratio of -10.01 and a beta of 0.86.

US Gold (NASDAQ:USAU) last released its quarterly earnings results on Monday, March 16th. The technology company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.22). On average, research analysts expect that US Gold Corp will post -1 EPS for the current year.

About US Gold

US Gold Corporation (NASDAQ: USAU) is a U.S.-based mineral exploration and development company focused on advancing gold and copper projects in key mining jurisdictions across the United States. The company’s flagship asset is the Copper King project in Park County, Wyoming, where US Gold holds more than 10,000 contiguous acres in the historic Sweetwater Mining District. Copper King is a bulk-tonnage, porphyry-style copper-gold property for which the company has completed multiple drilling campaigns, metallurgical testing and a preliminary economic assessment.

In addition to Copper King, US Gold controls the Keystone project on the northern Black Hills Gold Trend in South Dakota.