U.S. GoldMining (NASDAQ:USGO) Given Buy Rating at HC Wainwright

by · The Markets Daily

U.S. GoldMining (NASDAQ:USGO – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a report issued on Wednesday, Benzinga reports. They currently have a $30.75 price target on the stock. HC Wainwright’s price objective would suggest a potential upside of 260.07% from the stock’s previous close.

A number of other equities analysts also recently weighed in on USGO. Weiss Ratings downgraded shares of U.S. GoldMining from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 30th. Wall Street Zen downgraded U.S. GoldMining from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.75.

Get Our Latest Report on USGO

U.S. GoldMining Trading Up 1.1%

NASDAQ:USGO opened at $8.54 on Wednesday. U.S. GoldMining has a 12-month low of $7.16 and a 12-month high of $17.98. The firm has a market cap of $119.90 million, a price-to-earnings ratio of -9.82 and a beta of 1.88. The company’s 50-day moving average is $8.40 and its two-hundred day moving average is $10.29.

U.S. GoldMining (NASDAQ:USGO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.36) earnings per share for the quarter. On average, equities research analysts forecast that U.S. GoldMining will post -0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On U.S. GoldMining

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of U.S. GoldMining during the 2nd quarter valued at approximately $1,431,000. GSA Capital Partners LLP bought a new position in U.S. GoldMining during the second quarter worth $264,000. Themes Management Co LLC acquired a new position in U.S. GoldMining in the first quarter worth $139,000. International Assets Investment Management LLC acquired a new position in U.S. GoldMining in the first quarter worth $161,000. Finally, Russell Investments Group Ltd. increased its stake in U.S. GoldMining by 219.8% during the fourth quarter. Russell Investments Group Ltd. now owns 5,722 shares of the company’s stock valued at $50,000 after purchasing an additional 3,933 shares during the last quarter. Institutional investors own 0.49% of the company’s stock.

U.S. GoldMining Company Profile

(Get Free Report)

U.S. GoldMining Inc is a mineral exploration and development company focused on the acquisition, exploration and advancement of gold assets in the Americas. The company’s flagship project is West Desert, located in Utah’s Great Basin region, where it has completed detailed technical studies and resource modeling. In addition to West Desert, U.S. GoldMining has recently added the Colossus gold project in Pará State, Brazil, to its portfolio and holds interests in the Copper King deposit in Wyoming.

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