US Gold (NASDAQ:USAU) Share Price Breaks Below 200-Day Moving Average - Time to Sell?

Key Points

• US Gold shares fell below their 200-day moving average of $15.36, trading as low as $14.00 before closing at $14.30.
• Analyst sentiment is mixed but cautious: the stock has an average “Hold” rating and a $26.75 price target, while Wall Street Zen downgraded it to “Strong Sell” and Weiss Ratings maintained a “Sell” rating.
• The company beat quarterly EPS expectations, reporting a loss of $0.28 versus the estimated loss of $0.42. Institutional investors own 6.64% of the shares, and US Gold is focused on developing its CK Gold copper-gold project in Wyoming.

US Gold Corp (NASDAQ:USAU - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $15.36 and traded as low as $14.00. US Gold shares last traded at $14.30, with a volume of 100,187 shares.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on USAU. Wall Street Zen lowered US Gold from a "sell" rating to a "strong sell" rating in a research report on Saturday, July 18th. Weiss Ratings reissued a "sell (d-)" rating on shares of US Gold in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $26.75.

US Gold Price Performance

The company has a market cap of $236.38 million, a P/E ratio of -11.26 and a beta of 1.00. The company's 50-day moving average is $15.25 and its two-hundred day moving average is $15.36.

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 (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.14. Equities research analysts anticipate that US Gold Corp will post -1.07 EPS for the current year.

Institutional Investors Weigh In On US Gold

Large investors have recently bought and sold shares of the business. Up Capital Management Inc. bought a new position in US Gold during the 4th quarter valued at about $5,157,000. NewGen Asset Management Ltd bought a new stake in shares of US Gold in the fourth quarter worth approximately $1,553,000. William Mack & Associates Inc. bought a new stake in shares of US Gold in the second quarter worth approximately $1,380,000. Los Angeles Capital Management LLC purchased a new position in shares of US Gold during the fourth quarter valued at approximately $1,371,000. Finally, Renaissance Technologies LLC purchased a new position in shares of US Gold during the first quarter valued at approximately $694,000. 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.

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