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 $9.95 and traded as high as $11.56. US Gold shares last traded at $11.21, with a volume of 134,568 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Roth Capital restated a "buy" rating and set a $18.00 price objective (up from $16.00) on shares of US Gold in a research report on Tuesday, July 1st. HC Wainwright restated a "buy" rating and set a $15.00 price objective on shares of US Gold in a research report on Wednesday, June 25th.
View Our Latest Research Report on USAU
US Gold Stock Performance
The stock has a 50 day moving average price of $12.11 and a two-hundred day moving average price of $10.08. The company has a market capitalization of $149.23 million, a PE ratio of -7.89 and a beta of 1.33.
Institutional Investors Weigh In On US Gold
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new position in shares of US Gold in the 4th quarter valued at approximately $182,000. Commonwealth Equity Services LLC acquired a new stake in shares of US Gold during the 4th quarter worth approximately $190,000. Renaissance Technologies LLC grew its holdings in shares of US Gold by 296.4% during the 4th quarter. Renaissance Technologies LLC now owns 93,900 shares of the technology company's stock worth $576,000 after purchasing an additional 70,214 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of US 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 in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in US Gold in the 4th quarter valued at $69,000. 6.64% of the stock is owned by hedge funds and other institutional investors.
US 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.
Read More
Before you consider US Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Gold wasn't on the list.
While US Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.