U.S. Gold (NASDAQ:USAU) Shares Cross Above 200 Day Moving Average - Time to Sell?

U.S. Gold Corp. (NASDAQ:USAU - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.59 and traded as high as $8.83. U.S. Gold shares last traded at $8.24, with a volume of 195,982 shares.

Analyst Ratings Changes

USAU has been the subject of several recent analyst reports. Roth Mkm started coverage on U.S. Gold in a report on Wednesday, December 18th. They set a "buy" rating and a $10.00 price objective for the company. HC Wainwright lifted their price target on shares of U.S. Gold from $11.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Finally, Roth Capital upgraded shares of U.S. Gold to a "strong-buy" rating in a research report on Wednesday, December 18th.

U.S. Gold Price Performance

The firm's 50 day moving average is $7.47 and its 200 day moving average is $6.66. The company has a market capitalization of $101.79 million, a PE ratio of -8.26 and a beta of 1.56.

U.S. Gold (NASDAQ:USAU - Get Free Report) last posted its earnings results on Monday, December 16th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. As a group, analysts predict that U.S. Gold Corp. will post -0.95 EPS for the current fiscal year.

Hedge Funds Weigh In On U.S. Gold

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in U.S. Gold by 5,775.8% in the third quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company's stock worth $42,000 after purchasing an additional 7,162 shares during the period. Quadrature Capital Ltd bought a new stake in U.S. Gold in the third quarter worth $59,000. Squarepoint Ops LLC purchased a new stake in shares of U.S. Gold in the fourth quarter worth $69,000. Occudo Quantitative Strategies LP bought a new position in shares of U.S. Gold during the fourth quarter valued at $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of U.S. Gold during the fourth quarter valued at $104,000. Institutional investors own 6.64% of the company's stock.

U.S. 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.