US Gold (NASDAQ:USAU) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

US Gold Corp (NASDAQ:USAU)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.96 and traded as high as $18.51. US Gold shares last traded at $18.07, with a volume of 213,686 shares.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on USAU. Wall Street Zen lowered shares of US Gold from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Roth Mkm reiterated a “buy” rating and issued a $26.00 price target (up from $20.00) on shares of US Gold in a research report on Monday, December 15th. Zacks Research cut shares of US Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. HC Wainwright reissued a “buy” rating and set a $27.50 price objective (up from $22.00) on shares of US Gold in a research report on Wednesday, January 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research note on Wednesday, January 21st. Two 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. According to data from MarketBeat.com, US Gold currently has a consensus rating of “Hold” and a consensus price target of $26.75.

US Gold Stock Down 3.2%

The firm has a market cap of $287.71 million, a PE ratio of -10.66 and a beta of 0.74. The firm’s fifty day simple moving average is $18.82 and its two-hundred day simple moving average is $17.00.

US Gold (NASDAQ:USAU) last announced its quarterly earnings data on Wednesday, December 10th. The technology company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.18). As a group, analysts anticipate that US Gold Corp will post -0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On US Gold

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its stake in shares of US Gold by 18,050.0% in the second quarter. SBI Securities Co. Ltd. now owns 2,178 shares of the technology company’s stock worth $27,000 after acquiring an additional 2,166 shares during the period. Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 131,394 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in US Gold in the 2nd quarter worth approximately $33,000. New York State Common Retirement Fund bought a new position in US Gold in the 2nd quarter worth approximately $94,000. Finally, Quantbot Technologies LP purchased a new stake in US Gold during the 2nd quarter valued at approximately $25,000. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

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.