U.S. Gold (NASDAQ:USAU) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

U.S. Gold Corp. (NASDAQ:USAU - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.38 and traded as high as $8.37. U.S. Gold shares last traded at $8.14, with a volume of 347,693 shares trading hands.

Analyst Upgrades and Downgrades

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

U.S. Gold Price Performance

The company has a fifty day moving average of $9.01 and a two-hundred day moving average of $7.50. The stock has a market capitalization of $133.85 million, a P/E ratio of -10.72 and a beta of 1.38.

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

Remove Ads

Institutional Trading of U.S. Gold

Hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of U.S. Gold in the fourth quarter valued at approximately $104,000. Squarepoint Ops LLC acquired a new stake in U.S. Gold in the 4th quarter valued at approximately $69,000. Occudo Quantitative Strategies LP bought a new stake in U.S. Gold during the 4th quarter valued at $73,000. Cubist Systematic Strategies LLC acquired a new position in U.S. Gold during the 4th quarter worth $182,000. Finally, Walleye Capital LLC bought a new position in shares of U.S. Gold in the fourth quarter worth $114,000. 6.64% of the stock is currently owned by institutional investors.

About U.S. Gold

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.