US Gold (NASDAQ:USAU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of US Gold (NASDAQ:USAU – Free Report) from a strong sell rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a report on Friday, July 17th. Two 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.75.

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US Gold Trading Up 0.9%

NASDAQ:USAU opened at $13.90 on Friday. The firm has a market capitalization of $229.77 million, a price-to-earnings ratio of -10.94 and a beta of 1.00. US Gold has a 1-year low of $12.23 and a 1-year high of $23.75. The business’s fifty day moving average price is $15.28 and its 200 day moving average price is $15.35.

US Gold (NASDAQ:USAU – Get Free Report) last announced its quarterly earnings data on Friday, September 11th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.14. Equities analysts forecast that US Gold will post -1.07 earnings per share for the current year.

Hedge Funds Weigh In On US Gold

Several institutional investors and hedge funds have recently modified their holdings of the stock. William Mack & Associates Inc. purchased a new stake in shares of US Gold during the second quarter worth $1,380,000. NewGen Asset Management Ltd acquired a new stake in US Gold during the fourth quarter valued at $1,553,000. Renaissance Technologies LLC purchased a new position in US Gold in the first quarter valued at about $694,000. Up Capital Management Inc. purchased a new position in US Gold in the fourth quarter valued at about $5,157,000. Finally, CoreCap Advisors LLC grew its stake in US Gold by 33.5% in the third quarter. CoreCap Advisors LLC now owns 14,050 shares of the technology company’s stock valued at $209,000 after purchasing an additional 3,525 shares in the last quarter. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

US Gold Company Profile

(Get Free Report)

U.S. Gold Corp. (NASDAQ: USAU) is a mineral exploration and development company focused on identifying and advancing gold and copper properties in the United States. The company does not operate as a producing mining company; its activities primarily include geological evaluation, drilling, resource exploration, permitting and project development.

The company’s principal asset is the CK Gold Project in southeastern Wyoming, a copper-gold exploration and development property located near Cheyenne.

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