US Gold (NASDAQ:USAU) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of US Gold (NASDAQ:USAU) from a sell rating to a hold rating in a report issued on Friday morning.

Several other equities research analysts also recently commented on USAU. Roth Capital boosted their price objective on US Gold from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, September 22nd. HC Wainwright boosted their price objective on US Gold from $15.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, September 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a report on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, US Gold has a consensus rating of “Moderate Buy” and a consensus target price of $17.33.

US Gold Stock Performance

Shares of USAU opened at $17.91 on Friday. US Gold has a 52-week low of $5.44 and a 52-week high of $18.20. The business’s 50 day moving average price is $13.34 and its two-hundred day moving average price is $11.84. The firm has a market cap of $257.01 million, a PE ratio of -11.71 and a beta of 1.20.

US Gold (NASDAQ:USAU) last issued its quarterly earnings results on Monday, September 15th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.05. Research analysts predict that US Gold will post -0.95 EPS for the current fiscal year.

Institutional Trading of US Gold

Institutional investors have recently added to or reduced their stakes in the stock. Philadelphia Financial Management of San Francisco LLC purchased a new stake in US Gold during the 1st quarter worth about $2,163,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in US Gold by 41.2% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,000 shares of the technology company’s stock worth $218,000 after purchasing an additional 7,000 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in US Gold during the 4th quarter worth about $69,000. Bogart Wealth LLC purchased a new stake in US Gold during the 1st quarter worth about $46,000. Finally, Geode Capital Management LLC increased its stake in US Gold by 109.6% in the 2nd quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company’s stock worth $3,067,000 after acquiring an additional 131,394 shares during the last quarter. Hedge funds and other institutional investors own 6.64% of the company’s stock.

US 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.