US Gold (NASDAQ:USAU) Trading Up 11.8%

US Gold Corp (NASDAQ:USAU) was up 11.8% during trading on Thursday . The stock traded as high as $0.78 and last traded at $0.76, approximately 185,800 shares traded hands during mid-day trading. An increase of 74% from the average daily volume of 106,478 shares. The stock had previously closed at $0.68.

Several equities research analysts recently commented on USAU shares. ValuEngine downgraded US Gold from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. HC Wainwright reiterated a “buy” rating and issued a $2.70 price objective on shares of US Gold in a report on Monday. Finally, Zacks Investment Research upgraded US Gold from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a report on Thursday.

The firm has a fifty day moving average of $0.83 and a 200 day moving average of $1.02. The company has a market capitalization of $17.02 million, a P/E ratio of -1.73 and a beta of 0.97.

US Gold (NASDAQ:USAU) last released its quarterly earnings data on Monday, September 16th. The technology company reported ($0.17) EPS for the quarter. As a group, analysts forecast that US Gold Corp will post -0.41 EPS for the current fiscal year.

A hedge fund recently raised its stake in US Gold stock. Vanguard Group Inc. raised its position in shares of US Gold Corp (NASDAQ:USAU) by 21.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 186,215 shares of the technology company’s stock after purchasing an additional 32,783 shares during the quarter. Vanguard Group Inc. owned 0.96% of US Gold worth $192,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.76% of the company’s stock.

About US Gold (NASDAQ:USAU)

U.S. Gold Corp. operates as a gold exploration and development company in the United States. It has a portfolio of development and exploration properties. The company's properties include the Copper King project, an advanced stage gold and copper exploration and development project located in southeast Wyoming; Keystone project, an exploration property on the Cortez Trend in Nevada; and the Gold Bar North project, a gold exploration property located in Eureka County, Nevada.

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