US Gold (NASDAQ:USAU) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of US Gold (NASDAQ:USAU) from a hold rating to a sell rating in a research report released on Saturday.

A number of other research analysts have also issued reports on USAU. Roth Capital boosted their price objective on US Gold from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Zacks Research downgraded shares of US Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research note on Wednesday, October 8th. Finally, HC Wainwright upped their target price on shares of US Gold from $15.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.33.

US Gold Price Performance

Shares of USAU stock opened at $16.91 on Friday. The firm has a fifty day moving average of $16.48 and a two-hundred day moving average of $14.20. The firm has a market cap of $243.33 million, a P/E ratio of -10.31 and a beta of 0.96. US Gold has a 1-year low of $5.86 and a 1-year high of $19.20.

US Gold (NASDAQ:USAU) last issued its quarterly earnings results on Wednesday, December 10th. The technology company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). On average, sell-side analysts expect that US Gold will post -0.95 EPS for the current year.

Hedge Funds Weigh In On US Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in USAU. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of US Gold during the 1st quarter worth approximately $2,163,000. Millennium Management LLC bought a new stake in US Gold during the third quarter worth about $3,737,000. Geode Capital Management LLC boosted its holdings in shares of US Gold by 109.6% in the 2nd quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company’s stock worth $3,067,000 after acquiring an additional 131,394 shares in the last quarter. Vanguard Group Inc. increased its holdings in US Gold by 16.6% during the 3rd quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company’s stock valued at $10,694,000 after purchasing an additional 92,153 shares in the last quarter. Finally, UBS Group AG raised its position in US Gold by 215.7% in the 3rd quarter. UBS Group AG now owns 65,242 shares of the technology company’s stock valued at $1,075,000 after purchasing an additional 44,573 shares during the last quarter. 6.64% of the stock is owned by institutional investors.

About US 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.