U.S. Gold Corp. (NASDAQ:USAU - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.44 and traded as high as $10.92. U.S. Gold shares last traded at $10.78, with a volume of 227,207 shares.
Analyst Ratings Changes
Several brokerages have recently issued reports on USAU. HC Wainwright reiterated a "buy" rating and set a $15.00 price target (up from $14.00) on shares of U.S. Gold in a report on Friday, May 23rd. Roth Capital reiterated a "buy" rating on shares of U.S. Gold in a report on Tuesday, May 6th.
Read Our Latest Analysis on U.S. Gold
U.S. Gold Stock Performance
The stock has a fifty day simple moving average of $9.96 and a two-hundred day simple moving average of $8.47. The stock has a market capitalization of $140.13 million, a price-to-earnings ratio of -11.04 and a beta of 1.51.
U.S. Gold (NASDAQ:USAU - Get Free Report) last issued its quarterly earnings results on Monday, March 17th. The technology company reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.27). Research analysts forecast that U.S. Gold Corp. will post -0.95 earnings per share for the current year.
Hedge Funds Weigh In On U.S. Gold
Several hedge funds have recently modified their holdings of USAU. Bogart Wealth LLC purchased a new stake in shares of U.S. Gold during the 1st quarter worth approximately $46,000. JPMorgan Chase & Co. increased its stake in shares of U.S. Gold by 93.8% during the 4th quarter. JPMorgan Chase & Co. now owns 14,117 shares of the technology company's stock worth $87,000 after purchasing an additional 6,831 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of U.S. Gold by 41.2% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,000 shares of the technology company's stock worth $218,000 after purchasing an additional 7,000 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of U.S. Gold during the 4th quarter worth approximately $69,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of U.S. Gold during the 4th quarter worth approximately $73,000. Institutional investors own 6.64% of the company's stock.
U.S. Gold Company Profile
(
Get Free Report)
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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