USAU · sample dossier
U.S. Gold Corp. Common Stock
38/100
OutdatedGenerated Sep 12, 2026 · 10:00 AM UTC · 55 days ago
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EquityU.S. Gold Corp. Common Stock · XNAS
Decision context
Recommendation
Weighed down by weak Quality (13/100) and Momentum (36/100) scores.
A cautious picture — if you own it, consider taking some off.
AlphaDog Fair Value
Executive thesis & key metrics
Executive Investment Thesis
U.S. Gold Corp. (USAU) is an exploration-stage micro-cap with a $251.20M market capitalization, a negative P/E of -11.88, and a Price/Book ratio of 5.15. The Avoid verdict is driven by zero commercial revenue with gross and net margins at 0.0%, an ROA of -31.6%, and free cash flow per share of -$0.81 despite a Debt/Equity ratio of 0.00. The single biggest risk facing equity holders is an explicit going-concern warning, compounded by a weak Piotroski F-score of 3/9 and a 6-month return drawdown of -14.3%.
Key Metrics to Watch
What changed recently
No material changes found in the last 30 days.
Why this rating
Score 38 · Sell
Data through
OutdatedApr 30, 2026
Composite 38/100 — weak across most factors.
Levels unavailable — AlphaDog quantitative valuation model did not produce an estimate from comps or DCF
Re-evaluate if
- Severe accounting disclosures (auditor / restatement / going concern) in SEC filings
- Net margin falls below 0.0% (was 0.0%)
Trim / reconsider if
- ROA deteriorates below -31.6%
- Debt/Equity increases above 0.00 through debt financing of ongoing burn.
Think of these dollars as a map of our value estimate for Sell — helpful context, not a reason to override the view.
A Calmer Look · Devil's Advocate
The unanimous consensus to rate USAU as an outright Avoid relies heavily on a going-concern warning and auditor change from an 8-K filed on 2025-09-16, which is now 361 days old and thoroughly stale under 90-day analytical standards.
May be overlooked
The bear consensus relies on an 8-K from 2025-09-16 citing a going-concern warning and auditor change from Marcum LLP to CBIZ CPAs P.C., which is 361 days old and stale, ignoring five subsequent routine 8-K filings through 2026-05-22 that disclosed no financial restatements.
Applying traditional valuation multiples such as P/E of -11.9, EV/EBITDA of -11.7, and 0.0% gross margin penalizes the company for structural pre-production exploration dynamics common to all pre-commercial mine developers.
Institutional ownership is virtually non-existent, with top holders Philadelphia Financial Management (0.07%), BlackRock (0.05%), and Vanguard (0.04%) holding less than 0.20% combined, leaving the $251.20M market cap exposed to severe retail-driven liquidity shocks.
Expectations look stretched
Bears and bulls alike misinterpret the Altman Z-score of 104.17 as an indicator of operational solvency, ignoring that the metric is mathematically distorted by a $251.20M market cap over zero funded debt rather than operating viability.
Market pricing maintains a rich Price/Book multiple of 5.2 despite an ROA of -31.6% and trailing operational cash burn of -$0.81 free cash flow per share.
Tape sentiment reflects 35 non-bearish pieces out of 37 (13 bullish, 22 neutral), ignoring that the stock has suffered a -14.3% 6-month drawdown and remains trapped below its 200-day moving average.
Gross margin rises above 0.0% upon commercializing mineral properties.
Gross margin rises above 0.0% upon commercializing mineral properties.
Market context
Snapshot returns at report publication
1 month
-0.4%
3 months
-0.2%
6 months
-14.3%
1 year
+7.7%
At a Glance
A smaller company has mixed momentum at unprofitable earnings.
Top Holders
Financial trajectory
Go deeper
For learning and research only — not investment advice. AlphaDog doesn’t hold stocks and isn’t your financial advisor.
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