US Gold (NASDAQ:USAU) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of US Gold Corp (NASDAQ:USAU) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

Several research firms have weighed in on USAU. HC Wainwright restated a “buy” rating and issued a $27.50 price target on shares of US Gold in a research note on Thursday, April 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.75.

US Gold Trading Down 12.2%

The company has a 50-day simple moving average of $15.87 and a 200 day simple moving average of $17.25. The company has a market cap of $227.04 million, a P/E ratio of -9.49 and a beta of 0.86.

US Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, March 16th. The technology company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.22). On average, equities analysts forecast that US Gold Corp will post -1 EPS for the current fiscal year.

Hedge Funds Weigh In On US Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in USAU. Quantbot Technologies LP bought a new position in shares of US Gold during the 2nd quarter worth $25,000. CIBC Private Wealth Group LLC bought a new position in shares of US Gold during the 4th quarter worth $39,000. BNP Paribas Financial Markets grew its position in shares of 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 in the last quarter. International Assets Investment Management LLC grew its position in shares of US Gold by 175.0% during the 1st quarter. International Assets Investment Management LLC now owns 2,750 shares of the technology company’s stock worth $43,000 after buying an additional 1,750 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its position in shares of US Gold by 26,900.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 2,700 shares of the technology company’s stock worth $44,000 after buying an additional 2,690 shares in the last quarter. 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.