U.S. Gold (NASDAQ:USAU) Share Price Crosses Above Two Hundred Day Moving Average of $4.84

Shares of U.S. Gold Corp. (NASDAQ:USAU) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.84 and traded as high as $5.61. U.S. Gold shares last traded at $5.54, with a volume of 45,045 shares traded.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $11.00 price target on shares of U.S. Gold in a report on Monday, June 3rd.

U.S. Gold Stock Performance

The firm’s 50-day simple moving average is $5.57 and its 200 day simple moving average is $4.85.

U.S. Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, July 29th. The technology company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.10. As a group, sell-side analysts predict that U.S. Gold Corp. will post -0.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On U.S. Gold

An institutional investor recently bought a new position in U.S. Gold stock. National Bank of Canada FI purchased a new stake in U.S. Gold Corp. (NASDAQ:USAU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,266 shares of the technology company’s stock, valued at approximately $90,000. National Bank of Canada FI owned approximately 0.23% of U.S. Gold as of its most recent SEC filing. Institutional investors own 6.64% of the company’s stock.

About U.S. Gold

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.