U.S. Gold (NASDAQ:USAU) Stock Crosses Above 200 Day Moving Average – Here’s Why

Posted by Mark Dietrich on Nov 16th, 2024

U.S. Gold Corp. (NASDAQ:USAU – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.62 and traded as high as $7.13. U.S. Gold shares last traded at $7.07, with a volume of 425,799 shares traded.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price target on shares of U.S. Gold in a research note on Thursday, September 5th.

View Our Latest Stock Analysis on U.S. Gold

U.S. Gold Stock Up 13.3 %

The company has a market capitalization of $76.14 million, a price-to-earnings ratio of -8.52 and a beta of 1.45. The company’s fifty day simple moving average is $5.90 and its two-hundred day simple moving average is $5.62.

U.S. Gold (NASDAQ:USAU – Get Free Report) last issued its quarterly earnings data on Monday, September 16th. The technology company reported ($0.24) earnings per share (EPS) for the quarter. Equities research analysts expect that U.S. Gold Corp. will post -0.94 earnings per share for the current year.

Institutional Investors Weigh In On U.S. Gold

Several institutional investors have recently added to or reduced their stakes in USAU. Jane Street Group LLC bought a new position in U.S. Gold during the 3rd quarter worth about $118,000. Quadrature Capital Ltd acquired a new stake in shares of U.S. Gold in the third quarter valued at approximately $59,000. Finally, Prospera Financial Services Inc lifted its position in shares of U.S. Gold by 3.8% in the third quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock worth $317,000 after purchasing an additional 2,000 shares in the last quarter. 6.64% of the stock is owned by 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.