US Gold (NASDAQ:USAU) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

US Gold Corp (NASDAQ:USAU)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.78 and traded as low as $15.05. US Gold shares last traded at $15.13, with a volume of 209,482 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a research report on Friday, July 17th. Wall Street Zen downgraded US Gold from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Two 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, US Gold currently has a consensus rating of “Hold” and a consensus price target of $26.75.

US Gold Stock Performance

The stock has a market cap of $272.25 million, a price-to-earnings ratio of -14.45 and a beta of 0.94. The firm’s 50-day simple moving average is $15.00 and its two-hundred day simple moving average is $15.78.

US Gold (NASDAQ:USAU) last announced its earnings results on Tuesday, August 4th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.15). Equities research analysts expect that US Gold Corp will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On US Gold

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in US Gold in the second quarter worth about $25,000. FNY Investment Advisers LLC acquired a new stake in shares of US Gold during the 2nd quarter worth approximately $30,000. CIBC Private Wealth Group LLC bought a new stake in shares of US Gold during the fourth quarter worth approximately $39,000. BNP Paribas Financial Markets grew its holdings in US Gold by 157.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,476 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of US Gold in the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 6.64% of the company’s stock.

US Gold Company Profile

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.