US Gold (NASDAQ:USAU) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

US Gold Corp (NASDAQ:USAU)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.24 and traded as low as $17.12. US Gold shares last traded at $17.78, with a volume of 257,417 shares.

Analysts Set New Price Targets

USAU has been the topic of several analyst reports. HC Wainwright reissued a “buy” rating and issued a $27.50 price objective on shares of US Gold in a research note on Thursday, April 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a report on Monday, April 20th. 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. According to MarketBeat, US Gold currently has an average rating of “Hold” and a consensus target price of $26.75.

US Gold Price Performance

The firm’s fifty day moving average price is $16.36 and its two-hundred day moving average price is $17.24. The stock has a market cap of $293.37 million, a price-to-earnings ratio of -12.26 and a beta of 0.88.

US Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, March 16th. The technology company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.22). On average, equities research analysts anticipate that US Gold Corp will post -1 earnings per share for the current year.

Institutional Investors Weigh In On US Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC acquired a new stake in shares of US Gold in the 4th quarter worth about $39,000. Quantbot Technologies LP bought a new stake in US Gold in the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in US Gold in the 4th quarter worth about $44,000. BNP Paribas Financial Markets grew its position in US Gold by 157.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,476 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its position in US Gold by 26,900.0% in the 3rd quarter. Ameritas Advisory Services LLC now owns 2,700 shares of the technology company’s stock worth $44,000 after purchasing an additional 2,690 shares in the last quarter. Institutional investors and hedge funds own 6.64% of the company’s stock.

About US Gold

US Gold Corporation (NASDAQ: USAU) is a U.S.-based mineral exploration and development company focused on advancing gold and copper projects in key mining jurisdictions across the United States. The company’s flagship asset is the Copper King project in Park County, Wyoming, where US Gold holds more than 10,000 contiguous acres in the historic Sweetwater Mining District. Copper King is a bulk-tonnage, porphyry-style copper-gold property for which the company has completed multiple drilling campaigns, metallurgical testing and a preliminary economic assessment.

In addition to Copper King, US Gold controls the Keystone project on the northern Black Hills Gold Trend in South Dakota.