US Gold (NASDAQ:USAU) Shares Pass Above 200-Day Moving Average – What’s Next?

US Gold Corp (NASDAQ:USAU) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.29 and traded as high as $16.00. US Gold shares last traded at $15.17, with a volume of 223,798 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on USAU shares. Roth Capital boosted their target price on shares of US Gold from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Wall Street Zen raised shares of US Gold from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. HC Wainwright upped their price objective on shares of US Gold from $15.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research note on Wednesday, October 8th. Finally, Zacks Research raised US Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, US Gold presently has a consensus rating of “Moderate Buy” and an average target price of $17.33.

US Gold Stock Down 4.0%

The firm has a market cap of $217.81 million, a P/E ratio of -9.92 and a beta of 1.16. The business’s 50 day moving average is $16.13 and its 200-day moving average is $13.29.

US Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, September 15th. The technology company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.05. As a group, equities analysts predict that US Gold Corp will post -0.95 earnings per share for the current year.

Institutional Trading of US Gold

Hedge funds and other institutional investors have recently bought and sold shares of the company. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of US Gold in the 1st quarter worth approximately $2,163,000. Geode Capital Management LLC lifted its stake in US Gold by 109.6% during the second quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company’s stock worth $3,067,000 after purchasing an additional 131,394 shares during the last quarter. Vanguard Group Inc. boosted its holdings in US Gold by 16.6% in the third quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company’s stock worth $10,694,000 after purchasing an additional 92,153 shares during the period. UBS Group AG boosted its holdings in US Gold by 215.7% in the third quarter. UBS Group AG now owns 65,242 shares of the technology company’s stock worth $1,075,000 after purchasing an additional 44,573 shares during the period. Finally, Quantbot Technologies LP increased its stake in US Gold by 895.5% during the third quarter. Quantbot Technologies LP now owns 20,169 shares of the technology company’s stock valued at $332,000 after purchasing an additional 18,143 shares during the last quarter. 6.64% of the stock is owned by institutional investors.

US Gold Company Profile

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.