US Gold (NASDAQ:USAU) Rating Lowered to Strong Sell at Wall Street Zen

US Gold (NASDAQ:USAU) was downgraded by stock analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

Other analysts also recently issued research reports about the stock. HC Wainwright reaffirmed a “buy” rating and issued a $27.50 target price on shares of US Gold in a report on Thursday, April 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.75.

US Gold Stock Performance

Shares of USAU opened at $14.25 on Friday. The stock has a market capitalization of $235.12 million, a P/E ratio of -9.83 and a beta of 0.88. The company’s fifty day moving average is $15.53 and its two-hundred day moving average is $16.78. US Gold has a 1 year low of $10.09 and a 1 year high of $23.75.

Institutional Trading of US Gold

Institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new position in US Gold in the second quarter valued at about $30,000. CIBC Private Wealth Group LLC purchased a new stake in shares of US Gold during the 4th quarter worth approximately $39,000. Quantbot Technologies LP purchased a new stake in shares of US Gold during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of US Gold in the 4th quarter worth approximately $44,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of US Gold by 157.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,476 shares during the period. Hedge funds and other institutional investors own 6.64% of the company’s stock.

About US Gold

US Gold Corporation (NASDAQ: USAU) is a U.S.-based mineral exploration and development company focused on advancing gold and copper projects in key mining jurisdictions across the United States. The company’s flagship asset is the Copper King project in Park County, Wyoming, where US Gold holds more than 10,000 contiguous acres in the historic Sweetwater Mining District. Copper King is a bulk-tonnage, porphyry-style copper-gold property for which the company has completed multiple drilling campaigns, metallurgical testing and a preliminary economic assessment.

In addition to Copper King, US Gold controls the Keystone project on the northern Black Hills Gold Trend in South Dakota.