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

Key Points

• US Gold Corp (NASDAQ:USAU) has surpassed its 200-day moving average at $10.44, reaching a trading high of $12.33.
• Analysts have given US Gold a buy rating, with price targets of $15.00 from HC Wainwright and $19.00 from Roth Capital.
• The company reported a net loss of ($0.25) earnings per share for the last quarter, missing the consensus estimate of ($0.15).

US Gold Corp (NASDAQ:USAU - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.44 and traded as high as $12.33. US Gold shares last traded at $11.90, with a volume of 224,441 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. HC Wainwright reaffirmed a "buy" rating and set a $15.00 target price on shares of US Gold in a research report on Wednesday, June 25th. Roth Capital reaffirmed a "buy" rating and set a $19.00 target price (up from $18.00) on shares of US Gold in a research report on Monday, August 4th.

US Gold Stock Down 2.4%

The company has a 50-day moving average price of $12.01 and a 200-day moving average price of $10.54. The firm has a market capitalization of $155.31 million, a price-to-earnings ratio of -6.22 and a beta of 1.27.

US Gold (NASDAQ:USAU - Get Free Report) last announced its earnings results on Tuesday, July 29th. The technology company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.10). As a group, analysts forecast that US Gold Corp will post -0.95 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new position in shares of US Gold in the fourth quarter valued at $182,000. Renaissance Technologies LLC increased its holdings in shares of US Gold by 296.4% in the fourth quarter. Renaissance Technologies LLC now owns 93,900 shares of the technology company's stock valued at $576,000 after buying an additional 70,214 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of US Gold by 93.8% in the fourth quarter. JPMorgan Chase & Co. now owns 14,117 shares of the technology company's stock valued at $87,000 after buying an additional 6,831 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of US Gold by 41.2% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,000 shares of the technology company's stock valued at $218,000 after buying an additional 7,000 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of US Gold in the fourth quarter valued at $69,000. Institutional investors own 6.64% of the company's stock.

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.