US Gold (NASDAQ:USAU) Rating Increased to Hold at Wall Street Zen

Key Points

• US Gold has been upgraded by Wall Street Zen from a "sell" rating to a "hold" rating, indicating a more favorable outlook from analysts.
• Despite the upgrade, Weiss Ratings reaffirmed a "sell (d-)" rating, reflecting divided opinions among research firms on the company's performance.
• US Gold's market cap is currently approximately $257.01 million with a consensus price target of $17.33 set by analysts, showing potential for growth despite challenges.

US Gold (NASDAQ:USAU - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

USAU has been the topic of several other reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of US Gold in a report on Saturday, September 27th. HC Wainwright increased their price objective on shares of US Gold from $15.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, September 25th. Finally, Roth Capital increased their price objective on shares of US Gold from $19.00 to $20.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.33.

US Gold Price Performance

USAU stock traded up $1.37 during midday trading on Friday, hitting $17.91. 557,149 shares of the stock traded hands, compared to its average volume of 376,710. The firm has a market cap of $257.01 million, a P/E ratio of -11.71 and a beta of 1.20. The stock's fifty day simple moving average is $13.34 and its 200-day simple moving average is $11.84. US Gold has a 1-year low of $5.44 and a 1-year high of $18.20.

US Gold (NASDAQ:USAU - Get Free Report) last released its quarterly earnings results on Monday, September 15th. The technology company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.05. On average, research analysts predict that US Gold will post -0.95 earnings per share for the current year.

Hedge Funds Weigh In On US Gold

Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in shares of US Gold in the second quarter worth about $25,000. SBI Securities Co. Ltd. lifted its stake in shares of US Gold by 18,050.0% in the second quarter. SBI Securities Co. Ltd. now owns 2,178 shares of the technology company's stock worth $27,000 after buying an additional 2,166 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of US Gold in the second quarter worth about $33,000. Bogart Wealth LLC purchased a new position in shares of US Gold in the first quarter worth about $46,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of US Gold in the second quarter worth about $73,000. 6.64% of the stock is owned by hedge funds and other institutional investors.

About US Gold

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.

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