U.S. Gold (NASDAQ:USAU) Share Price Crosses Above 200 Day Moving Average of $4.96

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 $4.96 and traded as high as $5.95. U.S. Gold shares last traded at $5.86, with a volume of 215,305 shares trading hands.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and issued a $11.00 target price on shares of U.S. Gold in a research note on Thursday, September 5th.

U.S. Gold Stock Up 11.0 %

The business has a 50 day simple moving average of $5.58 and a 200-day simple moving average of $4.96. The company has a market capitalization of $54.69 million, a P/E ratio of -8.03 and a beta of 1.45.

U.S. Gold (NASDAQ:USAU) last issued its quarterly earnings data on Monday, July 29th. The technology company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.10. Equities analysts forecast that U.S. Gold Corp. will post -0.94 EPS for the current fiscal year.

Institutional Investors Weigh In On U.S. Gold

An institutional investor recently bought a new position in U.S. Gold stock. National Bank of Canada FI acquired a new stake in shares of U.S. Gold Corp. (NASDAQ:USAU) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 21,266 shares of the technology company’s stock, valued at approximately $90,000. National Bank of Canada FI owned approximately 0.23% of U.S. Gold as of its most recent SEC filing. 6.64% of the stock is currently owned by institutional investors.

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.