U.S. Gold (NASDAQ:USAU) Share Price Passes Above 200-Day Moving Average of $4.84

U.S. Gold Corp. (NASDAQ:USAU)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.84 and traded as high as $5.61. U.S. Gold shares last traded at $5.54, with a volume of 45,045 shares trading hands.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price target on shares of U.S. Gold in a report on Monday, June 3rd.

U.S. Gold Stock Performance

The company has a 50 day moving average price of $5.57 and a two-hundred day moving average price of $4.84. The firm has a market capitalization of $51.70 million, a price-to-earnings ratio of -7.59 and a beta of 1.47.

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

Institutional Investors Weigh In On U.S. Gold

A hedge fund recently bought a new stake in U.S. Gold stock. National Bank of Canada FI purchased a new position in U.S. Gold Corp. (NASDAQ:USAU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 21,266 shares of the technology company’s stock, valued at approximately $90,000. National Bank of Canada FI owned about 0.23% of U.S. Gold at the end of the most recent reporting period. Institutional investors own 6.64% of the company’s stock.

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.