US Gold Corp (NASDAQ:USAU - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.04 and traded as high as $12.61. US Gold shares last traded at $12.19, with a volume of 235,966 shares changing hands.
Wall Street Analysts Forecast Growth
USAU has been the topic of several research reports. HC Wainwright reaffirmed a "buy" rating and set a $15.00 price objective (up from $14.00) on shares of US Gold in a research report on Friday, May 23rd. Roth Capital reaffirmed a "buy" rating on shares of US Gold in a research report on Tuesday, May 6th.
Read Our Latest Stock Analysis on USAU
US Gold Stock Performance
The business has a 50-day moving average price of $11.12 and a 200 day moving average price of $9.04. The stock has a market capitalization of $169.20 million, a P/E ratio of -8.96 and a beta of 1.32.
US Gold (NASDAQ:USAU - Get Free Report) last posted its quarterly earnings data 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). As a group, research analysts forecast that US Gold Corp will post -0.95 earnings per share for the current fiscal year.
Institutional Trading of US Gold
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bogart Wealth LLC bought a new position in shares of US Gold during the first quarter valued at $46,000. Squarepoint Ops LLC bought a new position in shares of US Gold during the fourth quarter valued at $69,000. Occudo Quantitative Strategies LP bought a new position in shares of US Gold during the fourth quarter valued at $73,000. JPMorgan Chase & Co. lifted its holdings in shares of US Gold by 93.8% during the fourth quarter. JPMorgan Chase & Co. now owns 14,117 shares of the technology company's stock valued at $87,000 after purchasing an additional 6,831 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of US Gold during the fourth quarter valued at $104,000. 6.64% of the stock is currently owned by institutional investors.
About US Gold
(
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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