JPMorgan Chase & Co. Has $42,000 Holdings in U.S. Gold Corp. (NASDAQ:USAU)

JPMorgan Chase & Co. grew its position in U.S. Gold Corp. (NASDAQ:USAU) by 5,775.8% during the 3rd quarter, Holdings Channel reports. The firm owned 7,286 shares of the technology company’s stock after purchasing an additional 7,162 shares during the quarter. JPMorgan Chase & Co.’s holdings in U.S. Gold were worth $42,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in U.S. Gold in the third quarter worth $118,000. Quadrature Capital Ltd acquired a new position in U.S. Gold during the 3rd quarter worth about $59,000. Geode Capital Management LLC increased its position in U.S. Gold by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after acquiring an additional 3,778 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its position in shares of U.S. Gold by 3.8% during the third quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock worth $317,000 after purchasing an additional 2,000 shares in the last quarter. 6.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

USAU has been the topic of a number of recent research reports. Roth Capital upgraded U.S. Gold to a “strong-buy” rating in a research report on Wednesday, December 18th. HC Wainwright upped their price objective on shares of U.S. Gold from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Roth Mkm began coverage on shares of U.S. Gold in a report on Wednesday, December 18th. They issued a “buy” rating and a $10.00 price target for the company.

U.S. Gold Stock Up 10.9 %

Shares of USAU stock opened at $8.72 on Wednesday. The firm has a 50 day moving average price of $6.96 and a two-hundred day moving average price of $6.26. The company has a market capitalization of $107.43 million, a PE ratio of -8.72 and a beta of 1.56. U.S. Gold Corp. has a 12-month low of $3.20 and a 12-month high of $8.80.

U.S. Gold (NASDAQ:USAU) last issued its quarterly earnings data on Monday, December 16th. The technology company reported ($0.20) earnings per share for the quarter. As a group, research analysts expect that U.S. Gold Corp. will post -0.97 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.