U.S. Gold (NASDAQ:USAU) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of U.S. Gold Corp. (NASDAQ:USAU) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.23 and traded as high as $7.54. U.S. Gold shares last traded at $7.50, with a volume of 100,722 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. HC Wainwright lifted their price target on shares of U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Roth Capital upgraded shares of U.S. Gold to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Roth Mkm initiated coverage on shares of U.S. Gold in a research report on Wednesday, December 18th. They issued a “buy” rating and a $10.00 price target for the company.

U.S. Gold Stock Down 1.5 %

The business has a 50-day simple moving average of $6.97 and a two-hundred day simple moving average of $6.24. The stock has a market capitalization of $91.04 million, a P/E ratio of -7.39 and a beta of 1.54.

U.S. Gold (NASDAQ:USAU) last posted its earnings results on Monday, December 16th. The technology company reported ($0.20) earnings per share for the quarter. On average, sell-side analysts forecast that U.S. Gold Corp. will post -0.97 earnings per share for the current year.

Institutional Investors Weigh In On U.S. Gold

A number of large investors have recently bought and sold shares of USAU. JPMorgan Chase & Co. boosted its stake in U.S. Gold by 5,775.8% in the third quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company’s stock worth $42,000 after purchasing an additional 7,162 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of U.S. Gold by 3.7% in the third quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after buying an additional 3,778 shares during the last quarter. Jane Street Group LLC acquired a new position in U.S. Gold during the 3rd quarter worth about $118,000. Quadrature Capital Ltd bought a new stake in U.S. Gold during the 3rd quarter worth about $59,000. Finally, Prospera Financial Services Inc grew its holdings in U.S. Gold by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock worth $317,000 after acquiring an additional 2,000 shares during the last 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.