U.S. Gold (USAU)
Market Price (6/28/2026): $15.07 | Market Cap: $230.0 MilSector: Materials | Industry: Gold
U.S. Gold (USAU)
Market Price (6/28/2026): $15.07Market Cap: $230.0 MilSector: MaterialsIndustry: Gold
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16% Megatrend and thematic driversMegatrends include Global Resources & Commodities. Themes include Precious Metals Extraction. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -17 Mil Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% Key risksUSAU key risks include [1] its dependency on external financing to overcome a $277 million capital hurdle for its CK Gold Project, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16% |
| Megatrend and thematic driversMegatrends include Global Resources & Commodities. Themes include Precious Metals Extraction. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -17 Mil |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% |
| Key risksUSAU key risks include [1] its dependency on external financing to overcome a $277 million capital hurdle for its CK Gold Project, Show more. |
Qualitative Assessment
AI Analysis | Feedback
U.S. Gold (USAU) stock has lost about 30% since 2/28/2026 because of the following key factors:
1. Significant Decline in Gold Prices: The price of gold, a key determinant for U.S. Gold's valuation, experienced a substantial correction during the period. Gold fell approximately 25% from its all-time high of $5,589 on January 28, 2026, to $4,165 by June 10, 2026. On February 28, 2026, gold was at $5274.64 USD/t.oz., dropping to $4,076.63 USD/t.oz. by June 11, 2026. This broad market downturn for the commodity directly impacted gold producers.
2. Disappointing Fiscal Q3 2026 Earnings: U.S. Gold Corp. (whose fiscal year ends April 30) reported its fiscal Q3 2026 results on March 17, 2026. The company posted an Earnings Per Share (EPS) of -$0.35, significantly missing the consensus forecast of -$0.10 by 250%. Although revenue was in line with expectations at $0.00, the considerable EPS miss likely eroded investor confidence.
Show more
U.S. Gold (USAU) stock has lost about 30% since 2/28/2026 because of the following key factors:
1. Significant Decline in Gold Prices: The price of gold, a key determinant for U.S. Gold's valuation, experienced a substantial correction during the period. Gold fell approximately 25% from its all-time high of $5,589 on January 28, 2026, to $4,165 by June 10, 2026. On February 28, 2026, gold was at $5274.64 USD/t.oz., dropping to $4,076.63 USD/t.oz. by June 11, 2026. This broad market downturn for the commodity directly impacted gold producers.
2. Disappointing Fiscal Q3 2026 Earnings: U.S. Gold Corp. (whose fiscal year ends April 30) reported its fiscal Q3 2026 results on March 17, 2026. The company posted an Earnings Per Share (EPS) of -$0.35, significantly missing the consensus forecast of -$0.10 by 250%. Although revenue was in line with expectations at $0.00, the considerable EPS miss likely eroded investor confidence.
3. Share Dilution: Shareholders of U.S. Gold Corp. have experienced substantial dilution, with the total number of shares outstanding increasing by 30% over the past year. This increase in share count means that each existing share represents a smaller percentage of ownership in the company, which can exert downward pressure on the stock price or hinder its recovery.
4. Macroeconomic Headwinds from Shifting Interest Rate Expectations and Inflation: Broader macroeconomic factors contributed to the negative trend. US inflation rose to 4.2% in May 2026, driven by a 23.5% surge in energy prices, which suppressed expectations for interest rate cuts. Furthermore, a stronger-than-expected jobs report in May 2026, showing 172,000 jobs added, reinforced the view against near-term monetary easing. As a result, the odds of a December rate hike jumped to 70% on the CME FedWatch Tool, and Goldman Sachs reportedly removed all 2026 rate cuts from its forecast. Higher interest rates or delayed cuts typically make non-yielding assets like gold less attractive, impacting gold miners.
Show less
Stock Movement Drivers
Fundamental Drivers
The -30.6% change in USAU stock from 2/28/2026 to 6/27/2026 was primarily driven by a -6.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 6272026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.70 | 15.07 | -30.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 14 | 15 | -6.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 6/27/2026| Return | Correlation | |
|---|---|---|
| USAU | -30.6% | |
| Market (SPY) | 6.6% | 67.2% |
| Sector (XLB) | -3.0% | 61.9% |
Fundamental Drivers
The -12.7% change in USAU stock from 11/30/2025 to 6/27/2026 was primarily driven by a -9.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 11302025 | 6272026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.26 | 15.07 | -12.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 14 | 15 | -9.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
11/30/2025 to 6/27/2026| Return | Correlation | |
|---|---|---|
| USAU | -12.7% | |
| Market (SPY) | 7.3% | 45.2% |
| Sector (XLB) | 16.5% | 46.8% |
Fundamental Drivers
The 30.3% change in USAU stock from 5/31/2025 to 6/27/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312025 | 6272026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.57 | 15.07 | 30.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 12 | 15 | -23.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2025 to 6/27/2026| Return | Correlation | |
|---|---|---|
| USAU | 30.3% | |
| Market (SPY) | 25.1% | 36.9% |
| Sector (XLB) | 21.9% | 40.9% |
Fundamental Drivers
The 279.6% change in USAU stock from 5/31/2023 to 6/27/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6272026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.97 | 15.07 | 279.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 8 | 15 | -45.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2023 to 6/27/2026| Return | Correlation | |
|---|---|---|
| USAU | 279.6% | |
| Market (SPY) | 81.3% | 24.4% |
| Sector (XLB) | 45.9% | 31.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| USAU Return | -46% | -46% | -11% | 44% | 217% | -26% | -13% |
| Peers Return | 31% | -32% | -17% | 3% | 369% | -21% | 180% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| USAU Win Rate | 42% | 33% | 42% | 58% | 83% | 33% | |
| Peers Win Rate | 25% | 36% | 43% | 48% | 73% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| USAU Max Drawdown | -51% | -62% | -57% | -26% | -31% | -39% | |
| Peers Max Drawdown | -51% | -55% | -50% | -47% | -32% | -49% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VGZ, DC, IDR, CTGO, HYMC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)
How Low Can It Go
| Event | USAU | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -13.4% | -18.8% |
| % Gain to Breakeven | 15.5% | 23.1% |
| Time to Breakeven | 20 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -14.7% | -7.8% |
| % Gain to Breakeven | 17.2% | 8.5% |
| Time to Breakeven | 36 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -31.0% | -9.5% |
| % Gain to Breakeven | 44.9% | 10.5% |
| Time to Breakeven | 180 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.1% | -6.7% |
| % Gain to Breakeven | 12.4% | 7.1% |
| Time to Breakeven | 3 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -60.5% | -24.5% |
| % Gain to Breakeven | 152.9% | 32.4% |
| Time to Breakeven | 840 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -56.7% | -33.7% |
| % Gain to Breakeven | 131.0% | 50.9% |
| Time to Breakeven | 5 days | 140 days |
In The Past
U.S. Gold's stock fell -13.4% during the 2025 US Tariff Shock. Such a loss loss requires a 15.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | USAU | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -31.0% | -9.5% |
| % Gain to Breakeven | 44.9% | 10.5% |
| Time to Breakeven | 180 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -60.5% | -24.5% |
| % Gain to Breakeven | 152.9% | 32.4% |
| Time to Breakeven | 840 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -56.7% | -33.7% |
| % Gain to Breakeven | 131.0% | 50.9% |
| Time to Breakeven | 5 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.3% | -19.2% |
| % Gain to Breakeven | 30.4% | 23.8% |
| Time to Breakeven | 17 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -66.5% | -53.4% |
| % Gain to Breakeven | 198.1% | 114.4% |
| Time to Breakeven | 309 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -21.5% | -8.6% |
| % Gain to Breakeven | 27.5% | 9.5% |
| Time to Breakeven | 766 days | 47 days |
In The Past
U.S. Gold's stock fell -13.4% during the 2025 US Tariff Shock. Such a loss loss requires a 15.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About U.S. Gold (USAU)
U.S. Gold Corp. (USAU) is an exploration company focused on discovering and developing deposits of gold, copper, silver, and zinc. Operating primarily in the Western United States, the company's core business involves identifying prospective mineral properties and conducting geological exploration to delineate commercially viable resources.
The company holds interests in several significant projects, including the CK Gold project in Wyoming, which is central to its portfolio. Additionally, it explores the Keystone and Maggie Creek properties in Nevada, located on the highly prolific Cortez and Carlin Trends, and the Challis Gold project in Idaho. While U.S. Gold Corp. is an exploration-stage entity and not yet a producer, its future "products" are the raw commodities it aims to extract: gold, copper, silver, and zinc, which would be sold into global precious and base metals markets for industrial and investment demand.
AI Analysis | Feedback
Here are 1-2 brief analogies for U.S. Gold (USAU):
- Like a startup version of Barrick Gold or Newmont, but purely focused on finding new gold and precious metal deposits rather than operating existing mines.
- Think of it as the dedicated exploration arm of a major mining company like Newmont, operating independently to discover future mineral resources.
AI Analysis | Feedback
- Gold Mineral Property Exploration and Development: U.S. Gold Corp. conducts exploration activities to identify, evaluate, and advance properties containing gold deposits.
- Precious Metals Mineral Property Exploration and Development: The company also explores for and develops properties with other precious metals, such as silver deposits.
- Base Metals Mineral Property Exploration and Development: U.S. Gold Corp. engages in the exploration and development of properties containing base metals, including copper and zinc deposits.
AI Analysis | Feedback
U.S. Gold Corp. (USAU) is described as a gold and precious metals exploration company. Its primary business involves exploring for deposits of gold, copper, silver, and zinc, rather than the extraction, processing, and sale of these commodities.
Therefore, as an exploration company, U.S. Gold Corp. does not currently have "major customers" in the traditional sense who purchase its products (mined metals). Its revenue typically comes from equity financing, joint venture agreements, or the potential sale of its mineral properties, rather than ongoing sales to external customers.
AI Analysis | Feedback
AI Analysis | Feedback
George Bee, President and CEO
Mr. Bee is a senior mining industry executive with deep mine development and operational experience, having advanced world-class gold mining projects in eight countries on three continents for both major and junior mining companies. He previously served as CEO and Director of Jaguar Mining Inc. between March 2014 and December 2015, and as President and CEO of Andina Minerals Inc. from February 2009 until January 2013. As Chief Operating Officer for Aurelian Resources, Inc. from 2007 to 2009, he was in charge of project development for Fruta del Norte in Ecuador until Aurelian was acquired by Kinross Gold in 2008. Mr. Bee also had a 16-year tenure at Barrick Gold Corporation, holding multiple senior-level positions.
Eric Alexander, Chief Financial Officer and Corporate Secretary
Mr. Alexander has over 30 years of corporate, operational, and business experience, with more than 15 years in the mining industry. He previously served as Corporate Controller of Helix Technologies, Inc., a publicly traded software and technology company. Prior to that, he was the Vice President of Finance and Controller of Pershing Gold Corporation, a mining company. Mr. Alexander also held the position of Corporate Controller for Sunshine Silver Mines Corporation, a privately held mining company. In discussions about project financing, he has acknowledged exploring options with private equity firms.
Luke Norman, Executive Chairman
Mr. Norman is a seasoned growth executive with over 20 years of experience in the venture capital markets, having raised more than $300 million for public and private companies, predominantly in the resource sector. He was among the founding shareholders of Gold King Corp., a private company that combined with Dataram Corporation in 2016 to form U.S. Gold Corp. He has also served as CEO and Director of other mineral exploration companies, including Northern Lion Gold Corp. and Leviathan Gold Ltd.
Kevin Francis, Vice President – Exploration and Technical Services
Mr. Francis has held numerous senior roles within the mining industry, including VP of Project Development for Aurcana Corporation, VP of Technical Services for Oracle Mining Corporation, and VP of Resources for NovaGold Resources. He also serves as a Principal of Mineral Resources Management LLC, his consulting company, and has provided technical leadership to the mining industry.
AI Analysis | Feedback
- Funding and Capital Raising Risk (including Dilution and Going Concern): U.S. Gold Corp. relies entirely on external financing to fund its operations and projects, as it currently generates no revenue from mining activities. The company faces a substantial capital hurdle, particularly for the estimated $277 million needed to construct its flagship CK Gold Project. Analysts and auditors have raised significant concerns about the company's ability to secure this financing, noting that operations are largely funded through shareholder dilution. Auditors have repeatedly issued "going concern" warnings, indicating substantial doubt about the company's ability to continue operations without securing additional funding, which could lead to further dilution for existing shareholders.
- Exploration and Development Risk: As an exploration and development company, U.S. Gold Corp.'s long-term success hinges on its ability to discover and successfully develop economically viable mineral deposits. While the CK Gold Project is described as "fully permitted" and "shovel-ready," it still carries significant execution risks related to construction and eventual operation that could threaten profitability. For its other properties, such as Keystone and Maggie Creek, the company remains in the early stages of exploration, which inherently involves geological uncertainties, drilling failures, and the risk of not identifying commercially viable reserves.
- Commodity Price Volatility: The economic viability and potential profitability of any discovered or developed mineral deposits, including those at the CK Gold Project, are highly susceptible to fluctuations in the market prices of gold, copper, silver, and zinc. Significant declines in these commodity prices could render a project uneconomic, even if a technically viable resource has been identified and developed.
AI Analysis | Feedback
AI Analysis | Feedback
The addressable markets for U.S. Gold Corp.'s main products are as follows:
Gold
- The global gold market size is valued at approximately USD 1308.43 billion in 2026, with projections to reach USD 1878.48 billion by 2035, exhibiting a Compound Annual Growth Rate (CAGR) of 4.1% from 2026 to 2035.
- In the U.S., gold was the largest revenue-generating metal in the precious metals market, which generated USD 30,277.7 million in 2024 and is expected to reach USD 48,432.4 million by 2030, growing at a CAGR of 8% from 2025 to 2030. The U.S. gold market is likely to reach 343.7 tons in 2026.
Copper
- The global copper market size was valued at USD 320.86 billion in 2024 and is projected to grow to USD 506.36 billion by 2033, at a CAGR of 5.2% during the forecast period.
- The U.S. copper market size was estimated at USD 14.39 billion in 2024 and is projected to reach USD 19.68 billion by 2030, with a CAGR of 6.0% from 2025 to 2030. Another estimate places the U.S. copper market size at approximately USD 14.55 billion in 2024, projected to reach around USD 26.33 billion by 2034. The U.S. copper mining market size was worth USD 474.33 million in 2022.
Silver
- The global silver market size was valued at USD 87.12 billion in 2024 and is projected to grow from USD 95.20 billion in 2025 to USD 202.07 billion by 2033, exhibiting a CAGR of 9.86% during the forecast period.
- The U.S. silver market is projected to grow to a value of USD 4.2 billion by 2035, with a CAGR of 3.19% from 2025 to 2035. Silver is identified as the most lucrative metal segment within the U.S. precious metals market.
Zinc
- The global zinc market size was valued at USD 27.2 billion in 2024 and is poised to grow from USD 29.24 billion in 2025 to USD 52.14 billion by 2033, growing at a CAGR of 7.5% during the forecast period. The global zinc mining market size was estimated at USD 66,085.3 million in 2022 and is projected to reach USD 91,334.1 million by 2030, growing at a CAGR of 4.1% from 2023 to 2030.
- The U.S. Zinc Market is projected to grow from USD 3.11 billion in 2025E to USD 5.37 billion by 2033, at a CAGR of 7.11%. The U.S. zinc mining market generated a revenue of USD 2,449.9 million in 2022 and is expected to reach USD 2,480.7 million by 2030.
AI Analysis | Feedback
U.S. Gold Corp. (USAU) is an exploration and development company currently without revenue from mining operations; therefore, its future revenue growth over the next 2-3 years is primarily driven by the advancement and eventual production from its flagship projects and prevailing market conditions.
-
Commencement of Commercial Production at the CK Gold Project: The most significant driver of future revenue growth for U.S. Gold is the successful development and initiation of commercial production at its fully permitted CK Gold Project in Wyoming. The company is nearing the completion of a Feasibility Study, a critical step toward securing financing for construction. First production is targeted for late 2027 or 2028, with an estimated annual output of approximately 110,000 gold-equivalent ounces over a 10-to-11-year mine life. Construction startup is anticipated in 2026.
-
Favorable Gold and Copper Prices: The revenue generated by the CK Gold Project will be directly influenced by the market prices of gold and copper. Sustained high or appreciating prices for these commodities will enhance the project's profitability and overall revenue, as noted by management who indicated that rising gold and copper prices have helped offset inflationary cost increases.
-
Sales of Aggregate and Rail Ballast from the CK Gold Project: Beyond precious metals, the CK Gold Project has the potential to generate an additional revenue stream from the sale of waste rock as high-quality aggregate and rail ballast. This aspect of the project could contribute up to an estimated $400 million based on existing planned waste rock.
-
Advancement of Exploration at Keystone and Challis Projects: While representing longer-term opportunities for production, the continued advancement of exploration efforts at the Keystone Project in Nevada and the Challis Gold Project in Idaho could serve as drivers of future revenue growth potential within the 2-3 year timeframe. Successful exploration, resource delineation, and de-risking of these assets could lead to increased company valuation and lay the groundwork for future production, thereby contributing to the company's long-term revenue pipeline.
AI Analysis | Feedback
Share Issuance
- U.S. Gold Corp. completed a private placement in December 2025, raising approximately $31.2 million in gross proceeds through the issuance of 1,922,159 shares of common stock and 961,079 warrants.
- Equity issuances and warrant exercises were the primary drivers for an increase in cash to approximately $36.1 million by January 31, 2026, from $8.2 million at April 30, 2025.
- The number of shares outstanding for U.S. Gold Corp. has consistently increased over the last five years, growing from 3.53 million in 2020 to 14.32 million in 2025.
Inbound Investments
- In December 2025, U.S. Gold Corp. secured an inbound investment of $31.2 million through a private placement.
- The proceeds from this investment are designated for initial development costs at the CK Gold Project, potential land acquisitions, further exploration across the company's property portfolio, and general working capital.
- Multiple term sheets have been received for project-level financing of the CK Gold Project.
Capital Expenditures
- The Preliminary Feasibility Study (PFS) released in December 2021 for the CK Gold Project outlined an initial capital requirement of $221 million.
- The estimated capital expenditure (capex) for the CK Gold Project is approximately $277 million, for which the company has been receiving project financing term sheets.
- Historically, U.S. Gold Corp.'s cash flow statements show minimal capital expenditures for fiscal years ending April 30, with $0.0 million in 2020, $0.0 million in 2021, -$0.2 million in 2022, -$0.2 million in 2023, and $0.0 million in 2024.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.41 |
| Mkt Cap | 0.4 |
| Rev LTM | 0 |
| Op Inc LTM | -21 |
| FCF LTM | -23 |
| FCF 3Y Avg | -11 |
| CFO LTM | -22 |
| CFO 3Y Avg | -10 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 82.8% |
| Rev Chg 3Y Avg | 66.4% |
| Rev Chg Q | 99.0% |
| QoQ Delta Rev Chg LTM | 17.0% |
| Op Inc Chg LTM | -36.4% |
| Op Inc Chg 3Y Avg | -11.2% |
| Op Mgn LTM | 44.1% |
| Op Mgn 3Y Avg | 30.9% |
| QoQ Delta Op Mgn LTM | 6.5% |
| CFO/Rev LTM | 51.3% |
| CFO/Rev 3Y Avg | 39.5% |
| FCF/Rev LTM | 14.8% |
| FCF/Rev 3Y Avg | 13.5% |
Price Behavior
| Market Price | $15.07 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 03/17/1992 | |
| Distance from 52W High | -33.3% | |
| 50 Days | 200 Days | |
| DMA Price | $15.92 | $16.85 |
| DMA Trend | up | down |
| Distance from DMA | -5.3% | -10.6% |
| 3M | 1YR | |
| Volatility | 62.4% | 65.2% |
| Downside Capture | 384.64 | 227.09 |
| Upside Capture | 220.95 | 204.91 |
| Correlation (SPY) | 67.7% | 38.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.69 | 3.99 | 2.94 | 2.32 | 1.88 | 0.98 |
| Up Beta | 3.43 | 3.60 | 3.93 | 3.08 | 2.94 | 0.85 |
| Down Beta | 3.13 | 3.76 | 1.05 | 0.65 | 0.65 | 0.64 |
| Up Capture | 329% | 259% | 197% | 286% | 284% | 295% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 11 | 22 | 30 | 60 | 129 | 367 |
| Down Capture | 824% | 713% | 344% | 229% | 160% | 103% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 18 | 32 | 63 | 117 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with USAU | |
|---|---|---|---|---|
| USAU | 21.1% | 65.5% | 0.56 | - |
| Sector ETF (XLB) | 20.7% | 17.5% | 0.92 | 42.3% |
| Equity (SPY) | 21.2% | 12.4% | 1.26 | 38.2% |
| Gold (GLD) | 21.8% | 27.7% | 0.70 | 56.8% |
| Commodities (DBC) | 21.8% | 18.6% | 0.92 | 5.9% |
| Real Estate (VNQ) | 16.1% | 13.6% | 0.85 | 22.8% |
| Bitcoin (BTCUSD) | -44.2% | 42.5% | -1.25 | 27.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with USAU | |
|---|---|---|---|---|
| USAU | 5.8% | 63.0% | 0.34 | - |
| Sector ETF (XLB) | 7.2% | 19.0% | 0.27 | 29.5% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 24.2% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 43.8% |
| Commodities (DBC) | 7.4% | 19.5% | 0.28 | 19.4% |
| Real Estate (VNQ) | 3.4% | 18.9% | 0.08 | 21.8% |
| Bitcoin (BTCUSD) | 10.9% | 54.0% | 0.39 | 14.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with USAU | |
|---|---|---|---|---|
| USAU | -17.3% | 83.3% | 0.11 | - |
| Sector ETF (XLB) | 10.3% | 20.7% | 0.44 | 24.2% |
| Equity (SPY) | 15.2% | 18.0% | 0.72 | 20.4% |
| Gold (GLD) | 11.8% | 16.1% | 0.60 | 31.3% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 14.8% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 17.3% |
| Bitcoin (BTCUSD) | 54.7% | 66.4% | 0.95 | 7.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/16/2026 | 10-Q |
| 10/31/2025 | 12/10/2025 | 10-Q |
| 07/31/2025 | 09/15/2025 | 10-Q |
| 04/30/2025 | 07/29/2025 | 10-K |
| 01/31/2025 | 03/17/2025 | 10-Q |
| 10/31/2024 | 12/16/2024 | 10-Q |
| 07/31/2024 | 09/16/2024 | 10-Q |
| 04/30/2024 | 07/29/2024 | 10-K |
| 01/31/2024 | 03/18/2024 | 10-Q |
| 10/31/2023 | 12/15/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 07/31/2023 | 10-K |
| 01/31/2023 | 03/17/2023 | 10-Q |
| 10/31/2022 | 12/15/2022 | 10-Q |
| 07/31/2022 | 09/14/2022 | 10-Q |
| 04/30/2022 | 08/15/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/16/2026 | 10-Q |
| 10/31/2025 | 12/10/2025 | 10-Q |
| 07/31/2025 | 09/15/2025 | 10-Q |
| 04/30/2025 | 07/29/2025 | 10-K |
| 01/31/2025 | 03/17/2025 | 10-Q |
| 10/31/2024 | 12/16/2024 | 10-Q |
| 07/31/2024 | 09/16/2024 | 10-Q |
| 04/30/2024 | 07/29/2024 | 10-K |
| 01/31/2024 | 03/18/2024 | 10-Q |
| 10/31/2023 | 12/15/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 07/31/2023 | 10-K |
| 01/31/2023 | 03/17/2023 | 10-Q |
| 10/31/2022 | 12/15/2022 | 10-Q |
| 07/31/2022 | 09/14/2022 | 10-Q |
| 04/30/2022 | 08/15/2022 | 10-K |
| 01/31/2022 | 03/17/2022 | 10-Q |
| 10/31/2021 | 12/14/2021 | 10-Q |
| 07/31/2021 | 09/14/2021 | 10-Q |
| 04/30/2021 | 07/29/2021 | 10-K |
| 01/31/2021 | 03/17/2021 | 10-Q |
| 10/31/2020 | 12/14/2020 | 10-Q |
| 07/31/2020 | 09/11/2020 | 10-Q |
| 04/30/2020 | 07/13/2020 | 10-K |
| 01/31/2020 | 03/12/2020 | 10-Q |
| 10/31/2019 | 12/16/2019 | 10-Q |
| 07/31/2019 | 09/16/2019 | 10-Q |
| 04/30/2019 | 07/26/2019 | 10-K |
Insider Activity
Updated 5/27/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Fipke, Johanna | Direct | Buy | 4132026 | 14.91 | 700 | 10,436 | 378,646 | Form | |
| 2 | Norman, Luke Anthony | Luke Norman Consulting Limited | Buy | 4102026 | 14.63 | 10,000 | 146,300 | 4,078,244 | Form | |
| 3 | Norman, Luke Anthony | Direct | Sell | 8122025 | 12.02 | 49,917 | 600,002 | 5,286,516 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Fipke, Johanna | Direct | Buy | 4132026 | 14.91 | 700 | 10,436 | 378,646 | Form | |
| 2 | Norman, Luke Anthony | Luke Norman Consulting Limited | Buy | 4102026 | 14.63 | 10,000 | 146,300 | 4,078,244 | Form | |
| 3 | Norman, Luke Anthony | Direct | Sell | 8122025 | 12.02 | 49,917 | 600,002 | 5,286,516 | Form |
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Gold Resources |
| Kitco News |
| World Gold Council |
| Mining Journal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.