U.S. GoldMining (NASDAQ:USGO) Earns “Buy” Rating from HC Wainwright

U.S. GoldMining (NASDAQ:USGO)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a research report issued on Thursday,Benzinga reports. They presently have a $30.75 price objective on the stock. HC Wainwright’s price objective would indicate a potential upside of 281.51% from the stock’s previous close.

USGO has been the subject of a number of other research reports. Wall Street Zen lowered shares of U.S. GoldMining from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of U.S. GoldMining in a research note on Wednesday, April 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $30.75.

U.S. GoldMining Trading Down 2.7%

USGO opened at $8.06 on Thursday. The business has a 50 day moving average of $11.02 and a 200-day moving average of $11.33. The stock has a market capitalization of $107.60 million, a price-to-earnings ratio of -13.90 and a beta of 1.75. U.S. GoldMining has a 1-year low of $7.42 and a 1-year high of $17.98.

U.S. GoldMining (NASDAQ:USGO) last announced its earnings results on Wednesday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter. Equities analysts predict that U.S. GoldMining will post -0.49 EPS for the current year.

Institutional Trading of U.S. GoldMining

Several institutional investors have recently made changes to their positions in USGO. Barclays PLC boosted its position in shares of U.S. GoldMining by 57.3% during the 4th quarter. Barclays PLC now owns 3,730 shares of the company’s stock valued at $33,000 after acquiring an additional 1,358 shares in the last quarter. Wells Fargo & Company MN lifted its stake in U.S. GoldMining by 46.1% during the fourth quarter. Wells Fargo & Company MN now owns 4,150 shares of the company’s stock worth $37,000 after purchasing an additional 1,310 shares during the period. Russell Investments Group Ltd. lifted 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 worth $50,000 after purchasing an additional 3,933 shares during the period. New York State Common Retirement Fund acquired a new stake in U.S. GoldMining during the second quarter valued at approximately $93,000. Finally, Goldman Sachs Group Inc. acquired a new stake in U.S. GoldMining during the fourth quarter valued at approximately $131,000. 0.49% of the stock is currently owned by institutional investors and hedge funds.

About U.S. GoldMining

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.