US Gold Corp (NASDAQ:USAU - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.77 and traded as high as $16.25. US Gold shares last traded at $15.75, with a volume of 103,044 shares traded.
Wall Street Analysts Forecast Growth
USAU has been the subject of several research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of US Gold in a research report on Friday, July 17th. Wall Street Zen lowered shares of US Gold from a "sell" rating to a "strong sell" rating in a research note on Saturday, July 18th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, US Gold presently has a consensus rating of "Hold" and an average price target of $26.75.
Get Our Latest Analysis on USAU
US Gold Price Performance
The company has a market cap of $260.28 million, a P/E ratio of -13.82 and a beta of 0.94. The stock has a fifty day moving average price of $15.09 and a two-hundred day moving average price of $15.77.
US Gold (NASDAQ:USAU - Get Free Report) last announced its quarterly 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). Equities analysts predict that US Gold Corp will post -0.89 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in USAU. Vanguard Group Inc. increased its stake in US Gold by 16.6% in the 3rd quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company's stock valued at $10,694,000 after buying an additional 92,153 shares during the last quarter. Millennium Management LLC grew its holdings in shares of US Gold by 51.4% in the fourth quarter. Millennium Management LLC now owns 343,204 shares of the technology company's stock valued at $6,662,000 after acquiring an additional 116,456 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of US Gold by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 286,848 shares of the technology company's stock valued at $5,569,000 after acquiring an additional 8,812 shares in the last quarter. Up Capital Management Inc. purchased a new stake in shares of US Gold during the fourth quarter valued at approximately $5,157,000. Finally, State Street Corp lifted its holdings in US Gold by 0.4% during the fourth quarter. State Street Corp now owns 237,407 shares of the technology company's stock worth $4,608,000 after acquiring an additional 1,023 shares during the period. 6.64% of the stock is currently owned by hedge funds and other institutional investors.
About US Gold
(
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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