Shares of U.S. Gold Corp. (NASDAQ:USAU - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.16 and traded as high as $10.55. U.S. Gold shares last traded at $10.43, with a volume of 430,961 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Roth Capital reiterated a "buy" rating on shares of U.S. Gold in a report on Tuesday, May 6th.
Read Our Latest Stock Report on U.S. Gold
U.S. Gold Price Performance
The company has a fifty day moving average of $9.72 and a 200 day moving average of $8.16. The firm has a market capitalization of $132.39 million, a P/E ratio of -10.43 and a beta of 1.51.
U.S. Gold (NASDAQ:USAU - Get Free Report) last announced its earnings results on Monday, March 17th. The technology company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.27). On average, sell-side analysts forecast that U.S. Gold Corp. will post -0.95 EPS for the current year.
Hedge Funds Weigh In On U.S. Gold
Institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC acquired a new position in U.S. Gold in the fourth quarter valued at approximately $190,000. Jane Street Group LLC acquired a new position in shares of U.S. Gold during the third quarter worth approximately $118,000. JPMorgan Chase & Co. raised its position in shares of U.S. Gold by 5,775.8% during the third quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company's stock worth $42,000 after purchasing an additional 7,162 shares during the period. Renaissance Technologies LLC raised its position in shares of U.S. Gold by 296.4% during the fourth 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 during the period. Finally, Walleye Capital LLC acquired a new position in shares of U.S. Gold during the fourth quarter worth approximately $114,000. 6.64% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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