US Gold (NASDAQ:USAU) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• US Gold shares briefly fell below their 200-day moving average of $15.55, reaching $15.27 before trading at $15.59; the stock was up 1.2% in the session.
• Analyst sentiment is mixed but leans cautious: the consensus rating is “Hold” with a $26.75 target price, while Wall Street Zen downgraded the stock to “strong sell” and Weiss Ratings maintained a “sell” rating.
• US Gold’s latest quarterly loss of $0.28 per share beat the $0.42 consensus loss estimate. Institutional investors own 6.64% of the company, which is focused on developing gold and copper projects including Wyoming’s CK Gold Project and Nevada’s Keystone property.

US Gold Corp (NASDAQ:USAU - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.55 and traded as low as $15.27. US Gold shares last traded at $15.59, with a volume of 176,342 shares traded.

Analyst Ratings Changes

USAU has been the topic of several recent analyst reports. 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 restated a "sell (d-)" rating on shares of US Gold in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.75.

US Gold Trading Up 1.2%

The firm has a market capitalization of $257.70 million, a PE ratio of -12.28 and a beta of 0.94. The firm's fifty day moving average price is $15.03 and its 200 day moving average price is $15.55.

US Gold (NASDAQ:USAU - Get Free Report) last issued its earnings results on Friday, September 11th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.14. On average, analysts predict that US Gold Corp will post -1.07 earnings per share for the current year.

Hedge Funds Weigh In On US Gold

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new stake in US Gold during the second quarter worth about $42,000. Bank of New York Mellon Corp purchased a new position in US Gold during the second quarter valued at approximately $489,000. William Mack & Associates Inc. acquired a new position in US Gold in the second quarter valued at approximately $1,380,000. FNY Investment Advisers LLC acquired a new position in US Gold in the second quarter valued at approximately $30,000. Finally, Bank of America Corp DE boosted its position in US Gold by 25.9% in 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 in the last quarter. Institutional investors and hedge funds own 6.64% of the company's stock.

US Gold Company Profile

US Gold Corp. NASDAQ: USAU is a U.S.-focused mineral exploration and development company. The company's activities center on identifying, evaluating and advancing gold and copper projects rather than operating producing mines.

Its principal asset is the CK Gold Project in southeastern Wyoming, a gold-copper development project also known as Copper King. US Gold Corp. has worked on exploration, engineering, permitting and economic evaluation for the project, with the goal of determining its potential for future development.

The company also holds the Keystone property in Nevada, an exploration project located within the prospective Cortez gold trend.

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