William Mack & Associates Inc. Invests $1.38 Million in US Gold Corp $USAU

William Mack & Associates Inc. acquired a new position in US Gold Corp (NASDAQ:USAU) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 90,000 shares of the technology company’s stock, valued at approximately $1,380,000. US Gold accounts for about 0.5% of William Mack & Associates Inc.’s investment portfolio, making the stock its 25th biggest holding.

Other hedge funds have also bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in US Gold in the 2nd quarter worth approximately $30,000. Bank of America Corp DE raised its position in shares of US Gold by 25.9% during the 1st quarter. Bank of America Corp DE now owns 13,174 shares of the technology company’s stock valued at $200,000 after buying an additional 2,710 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of US Gold during the 1st quarter valued at $694,000. Bank of New York Mellon Corp raised its position in shares of US Gold by 6.0% during the 1st quarter. Bank of New York Mellon Corp now owns 26,061 shares of the technology company’s stock valued at $396,000 after buying an additional 1,468 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of US Gold by 175.0% during the 1st quarter. International Assets Investment Management LLC now owns 2,750 shares of the technology company’s stock worth $43,000 after acquiring an additional 1,750 shares during the last quarter. 6.64% of the stock is currently owned by institutional investors.

US Gold Stock Up 0.1%

Shares of NASDAQ:USAU opened at $15.24 on Wednesday. The stock has a market cap of $251.92 million, a PE ratio of -13.37 and a beta of 0.90. The company’s fifty day moving average is $14.85 and its 200 day moving average is $16.10. US Gold Corp has a 52 week low of $10.32 and a 52 week high of $23.75.

US Gold (NASDAQ:USAU) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.15). Sell-side analysts anticipate that US Gold Corp will post -0.89 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on USAU shares. Wall Street Zen cut US Gold from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, US Gold has a consensus rating of “Hold” and an average target price of $26.75.

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.