US Gold (NASDAQ:USAU) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen downgraded shares of US Gold (NASDAQ:USAU) from a sell rating to a strong sell rating in a report published on Saturday morning.

Several other research firms have also recently issued reports on USAU. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research note on Monday, April 20th. HC Wainwright reiterated a “buy” rating and issued a $27.50 price target on shares of US Gold in a research note on Thursday, April 2nd. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.75.

US Gold Price Performance

US Gold stock opened at $14.25 on Friday. US Gold has a one year low of $10.09 and a one year high of $23.75. The stock has a market capitalization of $235.12 million, a PE ratio of -9.83 and a beta of 0.88. The business’s fifty day moving average is $15.53 and its 200 day moving average is $16.80.

Institutional Trading of US Gold

Several large investors have recently modified their holdings of USAU. Vanguard Group Inc. increased its position in US Gold by 16.6% during the third quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company’s stock valued at $10,694,000 after acquiring an additional 92,153 shares during the last quarter. Millennium Management LLC boosted its position in US Gold by 51.4% in the fourth quarter. Millennium Management LLC now owns 343,204 shares of the technology company’s stock worth $6,662,000 after purchasing an additional 116,456 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of US Gold by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 286,848 shares of the technology company’s stock valued at $5,569,000 after purchasing an additional 8,812 shares during the period. Up Capital Management Inc. bought a new stake in shares of US Gold during the 4th quarter valued at about $5,157,000. Finally, State Street Corp grew its stake in shares of US Gold by 0.4% during the 4th quarter. State Street Corp now owns 237,407 shares of the technology company’s stock valued at $4,608,000 after purchasing an additional 1,023 shares during the period. Institutional investors own 6.64% of the company’s stock.

US Gold Company Profile

US Gold Corporation (NASDAQ: USAU) is a U.S.-based mineral exploration and development company focused on advancing gold and copper projects in key mining jurisdictions across the United States. The company’s flagship asset is the Copper King project in Park County, Wyoming, where US Gold holds more than 10,000 contiguous acres in the historic Sweetwater Mining District. Copper King is a bulk-tonnage, porphyry-style copper-gold property for which the company has completed multiple drilling campaigns, metallurgical testing and a preliminary economic assessment.

In addition to Copper King, US Gold controls the Keystone project on the northern Black Hills Gold Trend in South Dakota.