U.S. Gold (NASDAQ:USAU) Stock Crosses Above 200-Day Moving Average - Should You Sell?

U.S. Gold Corp. (NASDAQ:USAU - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.12 and traded as high as $10.44. U.S. Gold shares last traded at $10.27, with a volume of 528,372 shares trading hands.

Analyst Upgrades and Downgrades

USAU has been the topic of a number of recent analyst reports. Roth Mkm assumed coverage on shares of U.S. Gold in a report on Wednesday, December 18th. They set a "buy" rating and a $10.00 price target on the stock. Roth Capital raised shares of U.S. Gold to a "strong-buy" rating in a research note on Wednesday, December 18th.

U.S. Gold Stock Down 1.7 %

The firm has a market capitalization of $117.87 million, a PE ratio of -9.44 and a beta of 1.48. The stock has a 50-day moving average price of $8.61 and a 200 day moving average price of $7.19.

U.S. Gold (NASDAQ:USAU - Get Free Report) last released its quarterly earnings results on Monday, March 17th. The technology company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.27). As a group, equities analysts predict that U.S. Gold Corp. will post -0.95 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of USAU. Quadrature Capital Ltd purchased a new stake in shares of U.S. Gold during the third quarter worth $59,000. Jane Street Group LLC acquired a new stake in shares of U.S. Gold during the 3rd quarter worth about $118,000. Geode Capital Management LLC raised its holdings in U.S. Gold by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company's stock valued at $613,000 after buying an additional 3,778 shares during the period. JPMorgan Chase & Co. lifted its position 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 valued at $42,000 after buying an additional 7,162 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in U.S. Gold during the fourth quarter worth about $190,000. Institutional investors and hedge funds 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.