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

Key Points

• Wall Street Zen upgraded US Gold from “strong sell” to “sell,” while Weiss Ratings maintained a “sell (D-)” rating. Overall, analysts’ consensus rating is “Hold,” with a target price of $26.75.
• US Gold shares opened at $13.77, near the lower end of their 52-week range of $12.23 to $23.75. The company reported a quarterly loss of $0.28 per share, beating the consensus estimate of a $0.42 loss.
• Institutional ownership stands at 6.64%, with several investors increasing their stakes. US Gold is focused on exploring and developing gold and copper properties, primarily through its CK Gold Project in Wyoming.

US Gold (NASDAQ:USAU - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of US Gold in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, US Gold presently has an average rating of "Hold" and a consensus target price of $26.75.

US Gold Stock Performance

Shares of NASDAQ USAU opened at $13.77 on Friday. The company has a market capitalization of $227.62 million, a PE ratio of -10.84 and a beta of 1.00. The company's fifty day moving average price is $15.29 and its 200 day moving average price is $15.34. US Gold has a 1 year low of $12.23 and a 1 year high of $23.75.

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

Institutional Investors Weigh In On US Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in US Gold by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 26,061 shares of the technology company's stock valued at $396,000 after purchasing an additional 1,468 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of US Gold by 175.0% during the first quarter. International Assets Investment Management LLC now owns 2,750 shares of the technology company's stock worth $43,000 after purchasing an additional 1,750 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of US Gold during the 2nd quarter worth about $30,000. Bank of America Corp DE raised its position in shares of US Gold by 25.9% during the 1st quarter. Bank of America Corp DE now owns 13,174 shares of the technology company's stock worth $200,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in US Gold in the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 6.64% of the company's stock.

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.

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