US Gold (NASDAQ:USAU) Raised to Hold at Zacks Research

US Gold (NASDAQ:USAU) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday, Zacks reports.

Several other research firms have also recently commented on USAU. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research note on Thursday, October 15th. Wall Street Zen upgraded US Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.75.

US Gold Stock Down 5.4%

NASDAQ:USAU opened at $10.77 on Wednesday. The company has a fifty day simple moving average of $13.31 and a two-hundred day simple moving average of $15.29. The company has a market cap of $178.02 million, a price-to-earnings ratio of -8.48 and a beta of 1.10. US Gold has a 52 week low of $9.96 and a 52 week high of $23.75.

US Gold (NASDAQ:USAU) last posted its quarterly earnings data on Friday, September 11th. The technology company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.14. On average, analysts expect that US Gold will post -1.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC acquired a new position in US Gold during the 3rd quarter worth approximately $149,000. CoreCap Advisors LLC raised its holdings in shares of US Gold by 33.5% in the 3rd quarter. CoreCap Advisors LLC now owns 14,050 shares of the technology company’s stock valued at $209,000 after purchasing an additional 3,525 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of US Gold in the 2nd quarter valued at $42,000. Bank of New York Mellon Corp acquired a new stake in shares of US Gold in the 2nd quarter valued at $489,000. Finally, William Mack & Associates Inc. purchased a new stake in shares of US Gold during the 2nd quarter worth $1,380,000. Hedge funds and other institutional investors own 6.64% of the company’s stock.

US Gold Company Profile

U.S. Gold Corp. is a mineral exploration and development company focused on gold and copper projects in the United States. It is not a gold-producing company; its work centers on evaluating and advancing its mineral properties. The company’s principal development asset is the CK Gold Project in Wyoming, a gold-copper deposit. In Nevada, U.S. Gold has explored properties including the Keystone and Maggie Creek projects. Its projects give the company exposure to mineral districts in Wyoming and Nevada.