US Gold (NASDAQ:USAU) Stock Moved Up to Hold by Zacks Research

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

A number of other equities research analysts also recently issued reports on USAU. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research note on Thursday, October 15th. Wall Street Zen upgraded shares of US Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, US Gold currently has a consensus rating of “Hold” and a consensus price target of $26.75.

US Gold Trading Down 5.4%

Shares of NASDAQ:USAU opened at $10.77 on Wednesday. The business has a 50-day moving average price of $13.31 and a 200 day moving average price of $15.29. The company has a market capitalization of $178.02 million, a price-to-earnings ratio of -8.48 and a beta of 1.10. US Gold has a 12-month low of $9.96 and a 12-month high of $23.75.

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

Hedge Funds Weigh In On US Gold

Several hedge funds have recently bought and sold shares of USAU. William Mack & Associates Inc. purchased a new position in US Gold during the 2nd quarter valued at about $1,380,000. Renaissance Technologies LLC purchased a new stake in US Gold during the first quarter worth about $694,000. Bank of New York Mellon Corp purchased a new stake in US Gold during the second quarter worth about $489,000. SeaCrest Wealth Management LLC acquired a new stake in shares of US Gold during the third quarter worth about $149,000. Finally, CoreCap Advisors LLC lifted its position in shares of US Gold by 33.5% during the third quarter. CoreCap Advisors LLC now owns 14,050 shares of the technology company’s stock worth $209,000 after purchasing an additional 3,525 shares in the last quarter. Institutional investors and hedge funds own 6.64% of the company’s stock.

US Gold Company Profile

U.S. Gold Corp. is a mineral exploration and development company focused on gold and copper projects in the United States. It is not a gold-producing company; its work centers on evaluating and advancing its mineral properties. The company’s principal development asset is the CK Gold Project in Wyoming, a gold-copper deposit. In Nevada, U.S. Gold has explored properties including the Keystone and Maggie Creek projects. Its projects give the company exposure to mineral districts in Wyoming and Nevada.