U.S. Gold (NASDAQ:USAU) Stock Crosses Above 200-Day Moving Average of $4.96

U.S. Gold Corp. (NASDAQ:USAU) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.96 and traded as high as $5.95. U.S. Gold shares last traded at $5.86, with a volume of 215,305 shares trading hands.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price target on shares of U.S. Gold in a research note on Thursday, September 5th.

U.S. Gold Price Performance

The company has a market capitalization of $62.66 million, a PE ratio of -8.00 and a beta of 1.45. The company has a 50 day moving average of $5.58 and a two-hundred day moving average of $4.98.

U.S. Gold (NASDAQ:USAU) last issued its quarterly earnings results on Monday, July 29th. The technology company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.10. On average, equities analysts anticipate that U.S. Gold Corp. will post -0.94 EPS for the current year.

Institutional Investors Weigh In On U.S. Gold

A hedge fund recently bought a new stake in U.S. Gold stock. National Bank of Canada FI bought a new position in U.S. Gold Corp. (NASDAQ:USAU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,266 shares of the technology company’s stock, valued at approximately $90,000. National Bank of Canada FI owned about 0.23% of U.S. Gold at the end of the most recent quarter. 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.