US Gold Corp (NASDAQ:USAU - Get Free Report)'s stock price passed 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.
Analyst Ratings Changes
A number of research firms recently commented on USAU. Roth Capital restated a "buy" rating on shares of US Gold in a research report on Tuesday, May 6th. HC Wainwright restated a "buy" rating and set a $15.00 target price (up previously from $14.00) on shares of US Gold in a report on Friday, May 23rd.
Check Out Our Latest Stock Report on USAU
US Gold Price Performance
The stock's 50 day simple moving average is $11.20 and its two-hundred day simple moving average is $9.10. The company has a market capitalization of $169.47 million, a P/E ratio of -8.98 and a beta of 1.32.
Institutional Trading of US Gold
Hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC acquired a new position in US Gold during the 4th quarter worth $190,000. JPMorgan Chase & Co. raised its position 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 worth $87,000 after acquiring an additional 6,831 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of US Gold by 296.4% during the fourth quarter. Renaissance Technologies LLC now owns 93,900 shares of the technology company's stock valued at $576,000 after acquiring an additional 70,214 shares during the period. Walleye Capital LLC bought a new position in US Gold in the fourth quarter valued at about $114,000. Finally, Cubist Systematic Strategies LLC bought a new position in US Gold in the fourth quarter valued at about $182,000. Institutional investors and hedge funds own 6.64% of the company's stock.
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.
Further Reading
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
