U.S. Gold (NASDAQ:USAU – Get Free Report) released its earnings results on Monday. The technology company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.10, Zacks reports.
U.S. Gold Price Performance
Shares of USAU stock traded up $0.30 during mid-day trading on Wednesday, reaching $5.84. The stock had a trading volume of 57,606 shares, compared to its average volume of 86,663. U.S. Gold has a one year low of $2.92 and a one year high of $7.06. The firm’s 50 day simple moving average is $5.73 and its 200 day simple moving average is $4.58.
Analysts Set New Price Targets
Separately, HC Wainwright reiterated a “buy” rating and set a $11.00 price objective on shares of U.S. Gold in a report on Monday, June 3rd.
U.S. Gold Company 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.
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