US Gold (NASDAQ:USAU) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• US Gold shares crossed below their 200-day moving average (200‑day MA $17.37), trading as low as $13.90 and last at $14.42 on volume of 307,340 shares, a bearish technical signal.
• Analysts are mixed—two Buy, one Hold and one Sell—producing a consensus rating of Hold with an average price target of $26.75, while HC Wainwright and Roth MKM recently raised their targets.
• The company reported an EPS loss of ($0.35) for the quarter versus an expected ($0.13) and analysts forecast a full‑year EPS of -0.95, indicating continued negative profitability.

US Gold Corp (NASDAQ:USAU - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.37 and traded as low as $13.90. US Gold shares last traded at $14.42, with a volume of 307,340 shares.

Wall Street Analysts Forecast Growth

USAU has been the topic of several recent analyst reports. HC Wainwright restated a "buy" rating and set a $27.50 price objective (up from $22.00) on shares of US Gold in a report on Wednesday, January 7th. Weiss Ratings restated a "sell (d-)" rating on shares of US Gold in a research note on Wednesday, January 21st. Wall Street Zen cut shares of US Gold from a "hold" rating to a "sell" rating in a report on Saturday, December 13th. Finally, Roth Mkm reiterated a "buy" rating and set a $26.00 price objective (up from $20.00) on shares of US Gold in a research note on Monday, December 15th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.75.

US Gold Trading Up 2.2%

The firm has a market cap of $237.93 million, a PE ratio of -9.94 and a beta of 0.74. The company has a 50-day simple moving average of $18.10 and a 200 day simple moving average of $17.37.

US Gold (NASDAQ:USAU - Get Free Report) last posted its earnings results on Monday, March 16th. The technology company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.22). On average, equities analysts expect that US Gold Corp will post -0.95 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of US Gold during the 2nd quarter worth about $25,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in US Gold in the 2nd quarter worth about $33,000. CIBC Private Wealth Group LLC purchased a new stake in US Gold during the 4th quarter worth approximately $39,000. BNP Paribas Financial Markets increased its stake in US Gold by 157.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company's stock worth $40,000 after buying an additional 1,476 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of US Gold during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 6.64% of the company's stock.

About US Gold

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.