U.S. GoldMining (NASDAQ:USGO) Announces Earnings Results

U.S. GoldMining (NASDAQ:USGO) issued its quarterly earnings data on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, FiscalAI reports.

U.S. GoldMining Stock Up 2.6%

Shares of USGO opened at $12.05 on Friday. The business’s 50 day moving average is $11.43 and its two-hundred day moving average is $10.85. U.S. GoldMining has a 52-week low of $7.42 and a 52-week high of $17.98. The firm has a market cap of $159.90 million, a price-to-earnings ratio of -22.74 and a beta of 2.17.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of U.S. GoldMining in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, U.S. GoldMining has an average rating of “Hold” and an average price target of $26.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in USGO. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of U.S. GoldMining by 33.3% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,000 shares of the company’s stock valued at $197,000 after purchasing an additional 6,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in U.S. GoldMining by 61.0% in the second quarter. Geode Capital Management LLC now owns 52,480 shares of the company’s stock valued at $430,000 after buying an additional 19,875 shares during the last quarter. Citadel Advisors LLC acquired a new stake in U.S. GoldMining during the third quarter valued at approximately $200,000. Los Angeles Capital Management LLC acquired a new stake in U.S. GoldMining during the fourth quarter valued at approximately $181,000. Finally, Bank of America Corp DE lifted its holdings in U.S. GoldMining by 580.1% during the 3rd quarter. Bank of America Corp DE now owns 12,554 shares of the company’s stock worth $161,000 after buying an additional 10,708 shares during the last quarter. 0.49% of the stock is currently owned by institutional investors.

U.S. GoldMining Company Profile

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.