US Gold (NASDAQ:USAU) Stock Rating Lowered by Zacks Research

US Gold (NASDAQ:USAU) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.

USAU has been the topic of several other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research note on Friday, July 17th. Wall Street Zen upgraded shares of US Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, US Gold has an average rating of “Hold” and a consensus price target of $26.75.

US Gold Price Performance

Shares of NASDAQ:USAU opened at $11.94 on Tuesday. The company has a market cap of $197.37 million, a P/E ratio of -9.40 and a beta of 1.00. US Gold has a 1 year low of $11.65 and a 1 year high of $23.75. The stock’s fifty day moving average price is $15.20 and its 200-day moving average price is $15.33.

US Gold (NASDAQ:USAU) last released its quarterly earnings data on Friday, September 11th. The technology company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.14. On average, sell-side analysts anticipate that US Gold will post -1.07 earnings per share for the current year.

Institutional Investors Weigh In On US Gold

A number of large investors have recently made changes to their positions in USAU. Up Capital Management Inc. purchased a new position in shares of US Gold in the fourth quarter worth approximately $5,157,000. William Mack & Associates Inc. bought a new stake in US Gold during the second quarter valued at approximately $1,380,000. Renaissance Technologies LLC purchased a new stake in US Gold during the first quarter valued at approximately $694,000. Bank of New York Mellon Corp purchased a new stake in US Gold during the second quarter valued at approximately $489,000. Finally, CoreCap Advisors LLC increased its holdings in US Gold by 33.5% during the third quarter. CoreCap Advisors LLC now owns 14,050 shares of the technology company’s stock valued at $209,000 after buying an additional 3,525 shares during the last quarter. 6.64% of the stock is currently owned by institutional investors.

About US Gold

U.S. Gold Corp. (NASDAQ: USAU) is a mineral exploration and development company focused on identifying and advancing gold and copper properties in the United States. The company does not operate as a producing mining company; its activities primarily include geological evaluation, drilling, resource exploration, permitting and project development.

The company’s principal asset is the CK Gold Project in southeastern Wyoming, a copper-gold exploration and development property located near Cheyenne.