US Gold (NASDAQ:USAU) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

US Gold Corp (NASDAQ:USAU) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.26 and traded as low as $15.23. US Gold shares last traded at $15.36, with a volume of 153,084 shares.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on USAU shares. HC Wainwright reissued a “buy” rating and issued a $27.50 price target on shares of US Gold in a research note on Thursday, April 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research note on Monday, April 20th. 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’s stock. According to MarketBeat, US Gold presently has a consensus rating of “Hold” and an average target price of $26.75.

US Gold Trading Down 4.1%

The stock has a market capitalization of $253.44 million, a price-to-earnings ratio of -10.59 and a beta of 0.88. The stock has a 50-day simple moving average of $15.78 and a 200 day simple moving average of $17.26.

US Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, March 16th. The technology company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.22). Sell-side analysts expect that US Gold Corp will post -1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On US Gold

A number of institutional investors have recently bought and sold shares of USAU. Quantbot Technologies LP acquired a new stake in US Gold during the 2nd quarter worth about $25,000. CIBC Private Wealth Group LLC acquired a new stake in shares of US Gold during the 4th quarter valued at about $39,000. BNP Paribas Financial Markets lifted its holdings in shares of US Gold by 157.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock valued at $40,000 after buying an additional 1,476 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of US Gold by 175.0% during the 1st quarter. International Assets Investment Management LLC now owns 2,750 shares of the technology company’s stock valued at $43,000 after buying an additional 1,750 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of US Gold by 26,900.0% during the 3rd quarter. Ameritas Advisory Services LLC now owns 2,700 shares of the technology company’s stock valued at $44,000 after buying an additional 2,690 shares during the last quarter. 6.64% of the stock is currently owned by institutional investors and hedge funds.

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.