U.S. Gold (NASDAQ:USAU) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

U.S. Gold Corp. (NASDAQ:USAU) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.12 and traded as high as $10.44. U.S. Gold shares last traded at $10.27, with a volume of 528,372 shares.

Analysts Set New Price Targets

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

U.S. Gold Price Performance

The stock has a fifty day moving average price of $8.44 and a two-hundred day moving average price of $7.12. The company has a market cap of $128.23 million, a P/E ratio of -10.27 and a beta of 1.48.

U.S. Gold (NASDAQ:USAU) last issued its quarterly earnings data on Monday, March 17th. The technology company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.27). As a group, analysts forecast that U.S. Gold Corp. will post -0.95 earnings per share for the current year.

Institutional Trading of U.S. Gold

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of U.S. Gold by 5,775.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company’s stock valued at $42,000 after buying an additional 7,162 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in U.S. Gold in the third quarter valued at approximately $59,000. Squarepoint Ops LLC bought a new stake in U.S. Gold in the fourth quarter worth approximately $69,000. Occudo Quantitative Strategies LP acquired a new position in shares of U.S. Gold during the 4th quarter worth $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of U.S. Gold during the 4th quarter valued at $104,000. 6.64% of the stock is currently owned by institutional investors and hedge funds.

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.