Shares of US Gold Corp (NASDAQ:USAU - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.78 and traded as low as $15.05. US Gold shares last traded at $15.13, with a volume of 209,482 shares traded.
Analyst Upgrades and Downgrades
USAU has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of US Gold in a research note on Friday, July 17th. Wall Street Zen cut shares of US Gold from a "sell" rating to a "strong sell" rating in a research report on Saturday, July 18th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.75.
Read Our Latest Stock Analysis on USAU
US Gold Price Performance
The stock has a market capitalization of $250.10 million, a P/E ratio of -13.27 and a beta of 0.94. The company has a 50 day simple moving average of $14.96 and a 200-day simple moving average of $15.78.
US Gold (NASDAQ:USAU - Get Free Report) last posted its earnings results on Tuesday, August 4th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.15). As a group, equities analysts forecast that US Gold Corp will post -0.89 earnings per share for the current fiscal year.
Institutional Investors Weigh In On US Gold
Several institutional investors have recently added to or reduced their stakes in USAU. Up Capital Management Inc. purchased a new stake in shares of US Gold in the 4th quarter worth about $5,157,000. Millennium Management LLC bought a new stake in shares of US Gold during the 3rd quarter valued at about $3,737,000. Goldman Sachs Group Inc. increased its position in shares of US Gold by 334.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 177,993 shares of the technology company's stock valued at $3,455,000 after buying an additional 137,009 shares during the period. Geode Capital Management LLC increased its position in shares of US Gold by 109.6% during the second quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company's stock valued at $3,067,000 after buying an additional 131,394 shares during the period. Finally, Vanguard Group Inc. raised its stake in US Gold by 16.6% in the third quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company's stock worth $10,694,000 after buying an additional 92,153 shares in the last quarter. Hedge funds and other institutional investors own 6.64% of the company's stock.
US Gold Company Profile
(
Get Free Report)
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.
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