U.S. Gold Corp. (NASDAQ:USAU - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.62 and traded as high as $7.13. U.S. Gold shares last traded at $7.07, with a volume of 425,799 shares.
Analysts Set New Price Targets
Separately, HC Wainwright reaffirmed a "buy" rating and set a $11.00 price objective on shares of U.S. Gold in a report on Thursday, September 5th.
Get Our Latest Report on USAU
U.S. Gold Price Performance
The stock has a 50 day moving average price of $5.93 and a 200-day moving average price of $5.63. The stock has a market capitalization of $76.14 million, a P/E ratio of -8.52 and a beta of 1.45.
U.S. Gold (NASDAQ:USAU - Get Free Report) last released its quarterly earnings results on Monday, September 16th. The technology company reported ($0.24) EPS for the quarter. Research analysts predict that U.S. Gold Corp. will post -0.94 earnings per share for the current fiscal year.
Institutional Investors Weigh In On U.S. Gold
Several institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new stake in U.S. Gold in the third quarter worth $59,000. Jane Street Group LLC bought a new position in shares of U.S. Gold in the 3rd quarter worth about $118,000. Prospera Financial Services Inc lifted its position in U.S. Gold by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company's stock valued at $317,000 after acquiring an additional 2,000 shares during the period. Finally, Geode Capital Management LLC boosted its stake in U.S. Gold by 3.7% during the third quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company's stock worth $613,000 after acquiring an additional 3,778 shares in the last quarter. 6.64% of the stock is owned by hedge funds and other institutional investors.
About U.S. Gold
(
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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.
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