US Gold (NASDAQ:USAU) Share Price Passes Above 200-Day Moving Average – Should You Sell?

US Gold Corp (NASDAQ:USAU)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.36 and traded as high as $19.90. US Gold shares last traded at $19.56, with a volume of 241,621 shares.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on USAU. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of US Gold from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Zacks Research downgraded shares of US Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Roth Capital reissued a “buy” rating and issued a $26.00 price objective (up previously from $20.00) on shares of US Gold in a research note on Monday, December 15th. Finally, HC Wainwright restated a “buy” rating and set a $27.50 target price (up previously from $22.00) on shares of US Gold in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.75.

US Gold Price Performance

The stock’s 50-day moving average price is $17.93 and its 200 day moving average price is $15.38. The firm has a market capitalization of $281.47 million, a PE ratio of -11.93 and a beta of 0.84.

US Gold (NASDAQ:USAU) last announced its quarterly earnings data on Wednesday, December 10th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.18). Equities research analysts forecast that US Gold Corp will post -0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On US Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in US Gold in the second quarter worth approximately $25,000. SBI Securities Co. Ltd. boosted its position in US Gold by 18,050.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,178 shares of the technology company’s stock valued at $27,000 after acquiring an additional 2,166 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of US Gold by 157.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,476 shares during the period. Ameritas Advisory Services LLC raised its position in shares of 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 acquiring an additional 2,690 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of US Gold during the 2nd quarter worth $33,000. 6.64% of the stock is currently owned by institutional investors.

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.