US Gold (NASDAQ:USAU) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of US Gold (NASDAQ:USAU) from a strong sell rating to a hold rating in a report published on Wednesday morning,Zacks reports.

A number of other research firms have also weighed in on USAU. Wall Street Zen raised shares of US Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research report on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.75.

US Gold Trading Down 5.4%

NASDAQ:USAU opened at $10.77 on Wednesday. The stock has a market cap of $178.02 million, a P/E ratio of -8.48 and a beta of 1.10. The stock’s 50-day moving average is $13.31 and its 200-day moving average is $15.29. US Gold has a 1-year low of $9.96 and a 1-year high of $23.75.

US Gold (NASDAQ:USAU) last released its quarterly earnings data on Friday, September 11th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.14. As a group, equities analysts forecast that US Gold will post -1.07 EPS for the current year.

Institutional Investors Weigh In On US Gold

Institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of US Gold in the second quarter valued at about $30,000. Ameritas Advisory Services LLC bought a new position in shares of US Gold during the second quarter worth about $42,000. International Assets Investment Management LLC lifted its stake in shares of US Gold by 175.0% in the first quarter. International Assets Investment Management LLC now owns 2,750 shares of the technology company’s stock worth $43,000 after acquiring an additional 1,750 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of US Gold in the third quarter worth approximately $149,000. Finally, Bank of America Corp DE lifted its stake in shares of US Gold by 25.9% in the first quarter. Bank of America Corp DE now owns 13,174 shares of the technology company’s stock worth $200,000 after acquiring an additional 2,710 shares during the period. Institutional investors own 6.64% of the company’s stock.

About US Gold

U.S. Gold Corp. is a mineral exploration and development company focused on gold and copper projects in the United States. It is not a gold-producing company; its work centers on evaluating and advancing its mineral properties. The company’s principal development asset is the CK Gold Project in Wyoming, a gold-copper deposit. In Nevada, U.S. Gold has explored properties including the Keystone and Maggie Creek projects. Its projects give the company exposure to mineral districts in Wyoming and Nevada.