US Gold (NASDAQ:USAU) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of US Gold (NASDAQ:USAU) from a strong sell rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued 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 assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, US Gold has a consensus rating of “Hold” and a consensus price target of $26.75.

US Gold Stock Down 0.9%

Shares of USAU opened at $13.77 on Friday. US Gold has a fifty-two week low of $12.23 and a fifty-two week high of $23.75. The company’s fifty day moving average is $15.29 and its two-hundred day moving average is $15.34. The firm has a market cap of $227.62 million, a PE ratio of -10.84 and a beta of 1.00.

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

Institutional Investors Weigh In On US Gold

Large investors have recently made changes to their positions in the business. Up Capital Management Inc. acquired a new position in shares of US Gold during the 4th quarter valued at $5,157,000. NewGen Asset Management Ltd acquired a new stake in US Gold in the 4th quarter valued at $1,553,000. William Mack & Associates Inc. purchased a new position in US Gold in the second quarter valued at about $1,380,000. Renaissance Technologies LLC purchased a new position in US Gold in the first quarter valued at about $694,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of US Gold during the second quarter worth about $489,000. Institutional investors and hedge funds 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.