U.S. Gold (NASDAQ:USAU) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of U.S. Gold Corp. (NASDAQ:USAU) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.38 and traded as high as $8.37. U.S. Gold shares last traded at $8.14, with a volume of 347,693 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on USAU shares. Roth Mkm assumed coverage on shares of U.S. Gold in a research report on Wednesday, December 18th. They set a “buy” rating and a $10.00 price objective for the company. Roth Capital raised U.S. Gold to a “strong-buy” rating in a research report on Wednesday, December 18th.

U.S. Gold Price Performance

The company has a 50-day moving average price of $8.86 and a 200 day moving average price of $7.38. The firm has a market capitalization of $101.64 million, a PE ratio of -8.14 and a beta of 1.38.

U.S. Gold (NASDAQ:USAU) last released its earnings results on Monday, March 17th. The technology company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.27). As a group, research analysts anticipate that U.S. Gold Corp. will post -0.95 earnings per share for the current year.

Institutional Trading of U.S. Gold

A number of large investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of U.S. Gold in the fourth quarter valued at $104,000. Squarepoint Ops LLC purchased a new position in shares of U.S. Gold in the 4th quarter worth $69,000. Occudo Quantitative Strategies LP bought a new position in shares of U.S. Gold during the 4th quarter valued at approximately $73,000. Cubist Systematic Strategies LLC bought a new stake in U.S. Gold in the fourth quarter worth $182,000. Finally, Walleye Capital LLC bought a new position in U.S. Gold during the fourth quarter valued at $114,000. Institutional investors own 6.64% of the company’s stock.

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.