US Gold (NASDAQ:USAU) Raised to Sell at Wall Street Zen

US Gold (NASDAQ:USAU) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.75.

US Gold Stock Performance

US Gold stock opened at $13.77 on Friday. The stock has a market capitalization of $227.62 million, a P/E ratio of -10.84 and a beta of 1.00. The company’s fifty day moving average price is $15.29 and its 200 day moving average price is $15.35. US Gold has a 1 year low of $12.23 and a 1 year high of $23.75.

US Gold (NASDAQ:USAU) last issued its quarterly earnings results on Friday, September 11th. The technology company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.14. Sell-side analysts predict that US Gold will post -1.07 EPS for the current year.

Institutional Investors Weigh In On US Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. William Mack & Associates Inc. acquired a new stake in US Gold in the 2nd quarter valued at approximately $1,380,000. NewGen Asset Management Ltd acquired a new position in US Gold in the fourth quarter valued at $1,553,000. Renaissance Technologies LLC purchased a new stake in shares of US Gold during the first quarter worth approximately $694,000. Up Capital Management Inc. acquired a new stake in shares of US Gold during the fourth quarter worth $5,157,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of US Gold by 33.5% during the third quarter. CoreCap Advisors LLC now owns 14,050 shares of the technology company’s stock worth $209,000 after purchasing an additional 3,525 shares during the period. Hedge funds and other institutional investors own 6.64% of the company’s stock.

About US Gold

U.S. Gold Corp. (NASDAQ: USAU) is a mineral exploration and development company focused on identifying and advancing gold and copper properties in the United States. The company does not operate as a producing mining company; its activities primarily include geological evaluation, drilling, resource exploration, permitting and project development.

The company’s principal asset is the CK Gold Project in southeastern Wyoming, a copper-gold exploration and development property located near Cheyenne.