U.S. Gold (NASDAQ:USAU) Stock Crosses Below 200 Day Moving Average – Here’s Why

U.S. Gold Corp. (NASDAQ:USAU) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.09 and traded as low as $5.94. U.S. Gold shares last traded at $5.97, with a volume of 134,144 shares trading hands.

Analyst Upgrades and Downgrades

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

U.S. Gold Stock Down 3.2 %

The company has a 50 day simple moving average of $6.88 and a 200-day simple moving average of $6.09. The stock has a market cap of $73.57 million, a price-to-earnings ratio of -7.19 and a beta of 1.54.

U.S. Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, December 16th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. On average, equities research analysts expect that U.S. Gold Corp. will post -1.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 7,162 shares during the last quarter. Geode Capital Management LLC raised its position in shares of U.S. Gold by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock worth $613,000 after purchasing an additional 3,778 shares during the period. Jane Street Group LLC acquired a new stake in shares of U.S. Gold during the 3rd quarter worth approximately $118,000. Quadrature Capital Ltd acquired a new position in U.S. Gold during the 3rd quarter valued at approximately $59,000. Finally, Prospera Financial Services Inc grew its stake 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 buying an additional 2,000 shares during the last quarter. 6.64% of the stock is owned by institutional investors and hedge funds.

U.S. Gold Company Profile

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.