US Gold (NASDAQ:USAU) Stock Crosses Below 200-Day Moving Average – Time to Sell?

US Gold Corp (NASDAQ:USAU)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.28 and traded as low as $15.50. US Gold shares last traded at $15.67, with a volume of 121,985 shares traded.

Wall Street Analyst Weigh In

Several analysts recently issued reports on USAU shares. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research report on Monday, April 20th. HC Wainwright reaffirmed a “buy” rating and issued a $27.50 price objective on shares of US Gold in a research note on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.75.

US Gold Trading Up 1.7%

The business has a fifty day simple moving average of $15.88 and a 200 day simple moving average of $17.28. The stock has a market capitalization of $258.56 million, a P/E ratio of -10.81 and a beta of 0.86.

US Gold (NASDAQ:USAU) last posted its earnings results on Monday, March 16th. The technology company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.22). As a group, research analysts forecast that US Gold Corp will post -1 earnings per share for the current year.

Hedge Funds Weigh In On US Gold

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of US Gold by 16.6% in the 3rd quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company’s stock worth $10,694,000 after acquiring an additional 92,153 shares in the last quarter. Millennium Management LLC boosted its holdings in US Gold by 51.4% during the fourth quarter. Millennium Management LLC now owns 343,204 shares of the technology company’s stock worth $6,662,000 after purchasing an additional 116,456 shares during the last quarter. Geode Capital Management LLC grew its position in US Gold by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 286,848 shares of the technology company’s stock worth $5,569,000 after purchasing an additional 8,812 shares in the last quarter. Up Capital Management Inc. bought a new stake in US Gold in the 4th quarter worth about $5,157,000. Finally, State Street Corp increased its stake in US Gold by 0.4% in the 4th quarter. State Street Corp now owns 237,407 shares of the technology company’s stock valued at $4,608,000 after buying an additional 1,023 shares during the last quarter. 6.64% of the stock is owned by hedge funds and other institutional investors.

US Gold Company Profile

US Gold Corporation (NASDAQ: USAU) is a U.S.-based mineral exploration and development company focused on advancing gold and copper projects in key mining jurisdictions across the United States. The company’s flagship asset is the Copper King project in Park County, Wyoming, where US Gold holds more than 10,000 contiguous acres in the historic Sweetwater Mining District. Copper King is a bulk-tonnage, porphyry-style copper-gold property for which the company has completed multiple drilling campaigns, metallurgical testing and a preliminary economic assessment.

In addition to Copper King, US Gold controls the Keystone project on the northern Black Hills Gold Trend in South Dakota.