U.S. Gold
USAU on Nasdaq. Metal mining. Market value $236m.
Price checks use the past 12 months to July 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to April 2026.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Materials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-7.71 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$14.30 a share, 17% above its 1-year low
Over the past year the price has ranged from $12.23 to $23.75.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | n/a | n/a | n/a | n/a | n/a |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positive0 of 4 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsUnknown
- Buying back its own sharesNo, 97% more shares since 2022
The quarter to July 2026
How the business did, compared with the same quarter a year earlier.
- A loss of $5 million, compared with a loss of $2 million a year ago.
- 19% more shares than a year ago. Each share owns a bit less of the company.
| Quarter to | Amount |
|---|---|
| October 2024 | -$2m |
| January 2025 | -$6m |
| April 2025 | -$8m |
| July 2025 | -$2m |
| October 2025 | -$4m |
| January 2026 | -$5m |
| April 2026 | -$5m |
| July 2026 | -$5m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 29 July 2026
- Next quarterly (estimated, 10-Q)
- 11 December 2026
Who owns it
None of the long-term investors we follow own it. 99 funds in all.
Largest holders overall
- Philadelphia Financial Management of San Francisco$18mAdded
- BlackRock$13mAdded
- Vanguard Capital Management$9mAdded
- Franklin Resources$9mNew
- Mackenzie Financial$8mAdded
- Geode Capital Management$6mAdded
- VAN ECK Associates$6mCut
- State Street$4mAdded
- Cambridge Investment Research Advisors$2mAdded
- Russell Investments Group$2mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- AKIN THOMAS BPassive investorat least 10.5%+0.4 pts(filed with 1 related holder)Since 11 February 2026
- Philadelphia Financial Management of San Francisco, LLCPassive investorat least 8.0%+2.1 pts(filed with 5 related holders)Since 30 June 2026
- BlackRock, Inc.Passive investor5.3%Since 30 June 2026
- Franklin Resources, Inc.Passive investorat least 5.0%(filed with 3 related holders)Since 30 June 2026
- AIMS Asset Management Sdn BhdPassive investorat least 4.4%−1.1 pts(filed with 1 related holder)Since 31 December 2025
| Holder | Stake | Since | |
|---|---|---|---|
AKIN THOMAS B Passive investor | at least 10.5%+0.4 pts (filed with 1 related holder) | 11 February 2026 | |
Philadelphia Financial Management of San Francisco, LLC Passive investor | at least 8.0%+2.1 pts (filed with 5 related holders) | 30 June 2026 | |
BlackRock, Inc. Passive investor | 5.3% | 30 June 2026 | |
Franklin Resources, Inc. Passive investor | at least 5.0% (filed with 3 related holders) | 30 June 2026 | |
AIMS Asset Management Sdn Bhd Passive investor | at least 4.4%−1.1 pts (filed with 1 related holder) | 31 December 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 3 insiders bought $158,267 of shares on the open market.
- Francis Kevin A.VP-ExplorationBought
- Date
- 13 April 2026
- Shares
- 100
- Price
- $15.30
- Value
- $1,530
- FIPKE JOHANNADirectorBought
- Date
- 10 April 2026
- Shares
- 700
- Price
- $14.91
- Value
- $10,437
- NORMAN LUKE ANTHONYDirectorBought
- Date
- 8 April 2026
- Shares
- 10,000
- Price
- $14.63
- Value
- $146,300
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 13 April 2026 | Francis Kevin A. VP-Exploration | Bought | 100 | $15.30 | $1,530 |
| 10 April 2026 | FIPKE JOHANNA Director | Bought | 700 | $14.91 | $10,437 |
| 8 April 2026 | NORMAN LUKE ANTHONY Director | Bought | 10,000 | $14.63 | $146,300 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.