U.S. Gold (NASDAQ:USAU) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Posted by Matthew Steigler on Nov 8th, 2024

U.S. Gold Corp. (NASDAQ:USAU – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.55 and traded as high as $6.50. U.S. Gold shares last traded at $6.42, with a volume of 111,788 shares changing hands.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on U.S. Gold

U.S. Gold Stock Up 5.1 %

The firm’s 50-day moving average is $5.83 and its 200-day moving average is $5.55. The company has a market capitalization of $69.14 million, a PE ratio of -7.73 and a beta of 1.45.

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

Institutional Investors Weigh In On U.S. Gold

A hedge fund recently raised its stake in U.S. Gold stock. Prospera Financial Services Inc boosted its holdings in U.S. Gold Corp. (NASDAQ:USAU – Free Report) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,500 shares of the technology company’s stock after purchasing an additional 2,000 shares during the period. Prospera Financial Services Inc owned approximately 0.51% of U.S. Gold worth $317,000 at the end of the most recent reporting period. 6.64% of the stock is currently owned by institutional investors and hedge funds.

About U.S. Gold

(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.