US Gold (NASDAQ:USAU) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen lowered shares of US Gold (NASDAQ:USAU) from a sell rating to a strong sell rating in a report published on Saturday.

Several other analysts also recently issued reports on USAU. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research report on Monday, April 20th. HC Wainwright restated a “buy” rating and set a $27.50 price objective on shares of US Gold in a report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, US Gold currently has an average rating of “Hold” and a consensus price target of $26.75.

US Gold Stock Performance

Shares of US Gold stock opened at $14.12 on Friday. US Gold has a 52 week low of $10.09 and a 52 week high of $23.75. The stock has a 50 day moving average price of $15.45 and a two-hundred day moving average price of $16.74. The stock has a market capitalization of $232.98 million, a PE ratio of -9.74 and a beta of 0.88.

Institutional Trading of US Gold

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of US Gold by 16.6% in the third quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company’s stock valued at $10,694,000 after purchasing an additional 92,153 shares in the last quarter. Millennium Management LLC grew its holdings in US Gold by 51.4% during the fourth quarter. Millennium Management LLC now owns 343,204 shares of the technology company’s stock worth $6,662,000 after buying an additional 116,456 shares in the last quarter. Geode Capital Management LLC grew its holdings in US Gold by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 286,848 shares of the technology company’s stock worth $5,569,000 after buying an additional 8,812 shares in the last quarter. Up Capital Management Inc. purchased a new stake in US Gold in the 4th quarter valued at $5,157,000. Finally, State Street Corp raised its position in US Gold by 0.4% in the 4th quarter. State Street Corp now owns 237,407 shares of the technology company’s stock valued at $4,608,000 after buying an additional 1,023 shares during the last quarter. 6.64% of the stock is owned by hedge funds and other institutional investors.

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.