US Gold (NASDAQ:USAU) Stock Rating Cut to “Strong Sell” at Zacks Research

US Gold (NASDAQ:USAU) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday, Zacks reports.

USAU has been the subject of a number of other research reports. Wall Street Zen upgraded US Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.75.

US Gold Price Performance

NASDAQ:USAU opened at $11.94 on Tuesday. US Gold has a twelve month low of $11.65 and a twelve month high of $23.75. The company’s 50 day moving average is $15.20 and its two-hundred day moving average is $15.33.

US Gold (NASDAQ:USAU) last posted its quarterly earnings results on Friday, September 11th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.14. As a group, research analysts forecast that US Gold will post -1.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Up Capital Management Inc. purchased a new stake in US Gold in the fourth quarter valued at $5,157,000. William Mack & Associates Inc. acquired a new stake in US Gold during the 2nd quarter worth about $1,380,000. Renaissance Technologies LLC purchased a new position in shares of US Gold during the 1st quarter valued at about $694,000. Bank of New York Mellon Corp purchased a new position in shares of US Gold during the 2nd quarter valued at about $489,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of US Gold in the 4th quarter valued at about $105,000. 6.64% of the stock is currently owned by institutional investors and hedge funds.

US Gold Company Profile

U.S. Gold Corp. (NASDAQ: USAU) is a mineral exploration and development company focused on identifying and advancing gold and copper properties in the United States. The company does not operate as a producing mining company; its activities primarily include geological evaluation, drilling, resource exploration, permitting and project development.

The company’s principal asset is the CK Gold Project in southeastern Wyoming, a copper-gold exploration and development property located near Cheyenne.