U.S. Gold (NASDAQ:USAU) Share Price Crosses Above 200 Day Moving Average of $3.72

Shares of U.S. Gold Corp. (NASDAQ:USAU) 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.

Analyst Ratings Changes

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

U.S. Gold Stock Down 1.1 %

The stock has a market cap of $40.59 million, a PE ratio of -5.96 and a beta of 1.19. The firm has a fifty day moving average of $3.95 and a 200 day moving average of $3.72.

U.S. Gold (NASDAQ:USAU) last posted its earnings results on Monday, March 18th. The technology company reported ($0.18) earnings per share for the quarter. On average, equities research analysts forecast that U.S. Gold Corp. will post -1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in U.S. Gold stock. National Bank of Canada FI acquired a new position in shares of U.S. Gold Corp. (NASDAQ:USAU) during the 4th quarter, according to the company in its most recent disclosure 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 about 0.23% of U.S. Gold as of its most recent filing with the Securities & Exchange Commission. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

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.