US Gold (NASDAQ:USAU) Shares Pass Above 200-Day Moving Average – Should You Sell?

US 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 $16.96 and traded as high as $18.51. US Gold shares last traded at $18.07, with a volume of 213,686 shares trading hands.

Analysts Set New Price Targets

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

US Gold Stock Performance

The business’s 50 day moving average price is $18.92 and its two-hundred day moving average price is $16.96. The company has a market capitalization of $297.25 million, a price-to-earnings ratio of -11.02 and a beta of 0.74.

US Gold (NASDAQ:USAU) last announced its earnings results on Wednesday, December 10th. The technology company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.18). On average, sell-side analysts expect that US Gold Corp will post -0.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of USAU. Schonfeld Strategic Advisors LLC bought a new stake in US Gold in the third quarter worth about $193,000. Squarepoint Ops LLC acquired a new position in shares of US Gold in the 3rd quarter worth approximately $219,000. Wells Fargo & Company MN raised its holdings in shares of US Gold by 47.1% in the 4th quarter. Wells Fargo & Company MN now owns 16,859 shares of the technology company’s stock worth $327,000 after purchasing an additional 5,398 shares in the last quarter. Barclays PLC lifted its stake in US Gold by 4.7% during the fourth quarter. Barclays PLC now owns 18,521 shares of the technology company’s stock valued at $359,000 after purchasing an additional 825 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in US Gold during the fourth quarter worth approximately $363,000. Institutional investors 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.