US Gold Corporation Quarterly Earnings Sneak Peek

US Gold Corporation (NASDAQ:UXG) will unveil its latest earnings on Monday, August 1, 2011. US Gold Corporation is engaged in the exploration for gold, silver, and other valuable minerals. Its core assets are its interests in several large exploration properties in the State of Nevada and its properties in Sinaloa State, Mexico. Investing in Precious Metals: Is Morgan Stanley Bearish on Gold and Silver?>>

US Gold Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 8 cents per share, a wider loss from the year earlier quarter net loss of 5 cents. During the past three months, the average estimate has moved down from a loss of 6 cents. Between one and three months ago, the average estimate was unchanged, but has since dropped during the last month.

Past Earnings Performance: The company missed estimates last quarter by reporting a loss of 7 cents per share against a mean estimate of net loss of 6 cents per share.

For more analysis on our support levels and ranges for gold and silver, consider a free 14-day trial to our acclaimed Gold & Silver Investment Newsletter.

Key Stats:

Competitors to Watch: Royal Gold, Inc. (NASDAQ:RGLD), Barrick Gold Corporation (NYSE:ABX), Allied Nevada Gold Corp. (AMEX:ANV), Vista Gold Corp. (AMEX:VGZ), Paramount Gold and Silver Corp. (AMEX:PZG), Midway Gold Corp. (AMEX:MDW), Newmont Mining Corporation (NYSE:NEM), Jaguar Mining Inc. (NYSE:JAG), ishares Gold Trust (NYSE:GLD) and Gold Reserve Inc. (AMEX:GRZ).

Stock Price Performance: During April 29, 2011 to July 26, 2011, the stock price had fallen $2.46 (-26.2%) from $9.40 to $6.94. The stock price saw one of its best stretches over the last year between November 16, 2010 and November 24, 2010 when shares rose for seven-straight days, rising 9% (+48 cents) over that span. It saw one of its worst periods between May 9, 2011 and May 16, 2011 when shares fell for six-straight days, falling 14.6% (-$1.14) over that span. Shares are down $1.13 (-14%) year to date.

(Source: Xignite Financials)

For more analysis on our support levels and ranges for gold and silver, consider a free 14-day trial to our acclaimed Gold & Silver Investment Newsletter.

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