US Gold (NASDAQ:USAU) Rating Lowered to “Strong Sell” at Wall Street Zen

US Gold (NASDAQ:USAU) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday.

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

US Gold Stock Up 0.4%

Shares of US Gold stock opened at $14.25 on Friday. US Gold has a twelve month low of $10.09 and a twelve month high of $23.75. The business has a 50-day moving average price of $15.53 and a 200 day moving average price of $16.80. The firm has a market cap of $235.12 million, a PE ratio of -9.83 and a beta of 0.88.

Institutional Trading of US Gold

A number of institutional investors and hedge funds have recently modified their holdings of USAU. Los Angeles Capital Management LLC purchased a new position in US Gold in the 4th quarter valued at about $1,371,000. Up Capital Management Inc. purchased a new stake in US Gold during the 4th quarter worth approximately $5,157,000. NewGen Asset Management Ltd purchased a new stake in US Gold during the 4th quarter worth approximately $1,553,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of US Gold during the fourth quarter valued at approximately $105,000. Finally, Trifecta Capital Advisors LLC acquired a new position in shares of US Gold during the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 6.64% of the company’s stock.

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.