U.S. Gold (NASDAQ:USAU) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Posted by Charles Blunt on Nov 9th, 2024

U.S. Gold Corp. (NASDAQ:USAU – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on USAU

U.S. Gold Price Performance

The company has a 50 day moving average price of $5.85 and a 200 day moving average price of $5.57.

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. Analysts anticipate that U.S. Gold Corp. will post -0.94 earnings per share for the current year.

Institutional Trading of 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% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,500 shares of the technology company’s stock after acquiring an additional 2,000 shares during the quarter. Prospera Financial Services Inc owned 0.51% of U.S. Gold worth $317,000 at the end of the most recent quarter. 6.64% of the stock is owned by institutional investors.

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.