US Gold (NASDAQ:USAU) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

US Gold Corp (NASDAQ:USAU)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.77 and traded as high as $16.25. US Gold shares last traded at $15.75, with a volume of 103,044 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen lowered US Gold from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.75.

US Gold Stock Performance

The firm’s 50 day moving average is $15.07 and its 200-day moving average is $15.75. The stock has a market capitalization of $251.26 million, a price-to-earnings ratio of -13.33 and a beta of 0.94.

US Gold (NASDAQ:USAU) last released its quarterly earnings results on Friday, September 11th. The technology company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.05). As a group, sell-side analysts forecast that US Gold Corp will post -0.89 earnings per share for the current year.

Institutional Investors Weigh In On US Gold

A number of institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new position in US Gold in the 2nd quarter worth about $30,000. CIBC Private Wealth Group LLC acquired a new stake in US Gold in the fourth quarter valued at approximately $39,000. Quantbot Technologies LP acquired a new stake in US Gold in the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of US Gold in the fourth quarter valued at approximately $44,000. Finally, BNP Paribas Financial Markets increased its position in shares of US Gold by 157.5% in the third quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock valued at $40,000 after buying an additional 1,476 shares in the last quarter. 6.64% of the stock is currently owned by institutional investors and hedge funds.

About US Gold

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.