U.S. Gold (NASDAQ:USAU) Stock Price Crosses Above Two Hundred Day Moving Average of $3.72

U.S. Gold Corp. (NASDAQ:USAU)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.72 and traded as high as $4.43. U.S. Gold shares last traded at $4.35, with a volume of 22,899 shares traded.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price objective on shares of U.S. Gold in a research note on Friday, March 1st.

U.S. Gold Stock Down 1.1 %

The firm’s 50 day simple moving average is $3.95 and its 200-day simple moving average is $3.72. The company has a market capitalization of $40.59 million, a PE ratio of -5.96 and a beta of 1.19.

U.S. Gold (NASDAQ:USAU) last announced its quarterly earnings results on Monday, March 18th. The technology company reported ($0.18) earnings per share for the quarter. As a group, sell-side analysts anticipate that U.S. Gold Corp. will post -1.2 EPS 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 acquired a new stake in shares of U.S. Gold Corp. (NASDAQ:USAU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 21,266 shares of the technology company’s stock, valued at approximately $90,000. National Bank of Canada FI owned 0.23% of U.S. Gold as of its most recent SEC filing. Institutional investors and hedge funds 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.