US Gold (NASDAQ:USAU) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of US Gold Corp (NASDAQ:USAU) passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Wall Street Analyst Weigh In

USAU has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a report on Monday, April 20th. HC Wainwright reiterated a “buy” rating and set a $27.50 price objective on shares of US Gold in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.75.

US Gold Stock Up 1.7%

The firm has a market cap of $258.56 million, a price-to-earnings ratio of -10.81 and a beta of 0.86. The firm has a 50 day moving average of $15.88 and a 200 day moving average of $17.28.

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

Institutional Investors Weigh In On US Gold

A number of large investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC acquired a new position in shares of US Gold during the fourth quarter valued at about $39,000. Quantbot Technologies LP acquired a new stake in shares of US Gold in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in US Gold in the 4th quarter valued at about $44,000. BNP Paribas Financial Markets raised its stake in US Gold by 157.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock worth $40,000 after buying an additional 1,476 shares during the period. Finally, Ameritas Advisory Services LLC boosted its holdings in US Gold by 26,900.0% in the third quarter. Ameritas Advisory Services LLC now owns 2,700 shares of the technology company’s stock worth $44,000 after acquiring an additional 2,690 shares in the last quarter. 6.64% of the stock is currently owned by institutional investors and hedge funds.

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.