U.S. Gold (NASDAQ:USAU) Stock Price Crosses Above Two Hundred Day Moving Average of $4.35

U.S. Gold Corp. (NASDAQ:USAUGet Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.35 and traded as high as $5.84. U.S. Gold shares last traded at $5.80, with a volume of 116,147 shares changing hands.

Analyst Ratings Changes

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

View Our Latest Research Report on U.S. Gold

U.S. Gold Stock Performance

The stock has a 50-day moving average of $5.34 and a 200-day moving average of $4.35. The firm has a market cap of $54.11 million, a price-to-earnings ratio of -7.95 and a beta of 1.47.

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 purchased a new stake in U.S. Gold Corp. (NASDAQ:USAUFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 owned by hedge funds and other institutional investors.

U.S. Gold Company Profile

(Get Free Report)

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.

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