Squarepoint Ops LLC Acquires Shares of 11,292 U.S. Gold Corp. (NASDAQ:USAU)

Squarepoint Ops LLC bought a new stake in U.S. Gold Corp. (NASDAQ:USAU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,292 shares of the technology company’s stock, valued at approximately $69,000.

A number of other large investors also recently made changes to their positions in USAU. Renaissance Technologies LLC grew its position in shares of U.S. Gold by 296.4% in the 4th quarter. Renaissance Technologies LLC now owns 93,900 shares of the technology company’s stock valued at $576,000 after buying an additional 70,214 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of U.S. Gold in the 4th quarter valued at about $190,000. Cubist Systematic Strategies LLC acquired a new position in U.S. Gold during the 4th quarter worth approximately $182,000. Walleye Capital LLC acquired a new position in U.S. Gold during the 4th quarter worth approximately $114,000. Finally, Occudo Quantitative Strategies LP acquired a new position in U.S. Gold during the 4th quarter worth approximately $73,000. Institutional investors own 6.64% of the company’s stock.

U.S. Gold Price Performance

NASDAQ USAU opened at $13.16 on Wednesday. The stock has a market capitalization of $167.04 million, a PE ratio of -13.16 and a beta of 1.32. U.S. Gold Corp. has a 1 year low of $4.71 and a 1 year high of $14.39. The business’s 50-day moving average is $10.57 and its 200 day moving average is $8.84.

U.S. Gold (NASDAQ:USAU) last released its earnings results 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). As a group, equities research analysts anticipate that U.S. Gold Corp. will post -0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on USAU shares. Roth Capital reissued a “buy” rating on shares of U.S. Gold in a research note on Tuesday, May 6th. HC Wainwright restated a “buy” rating and set a $15.00 target price (up previously from $14.00) on shares of U.S. Gold in a research report on Friday, May 23rd.

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.