U.S. GoldMining (NASDAQ:USGO) Stock Price Up 0.9% - What's Next?
U.S. GoldMining Inc. (NASDAQ:USGO) shares rose 0.9% to $9.39, with trading volume down 42% from average. Analysts have mixed ratings: Wall Street Zen upgraded to 'hold', HC Wainwright set a $26.50 target with a 'buy' rating, and Weiss Ratings maintained a 'sell' rating. The stock has a market cap of $124.61 million and a P/E ratio of -17.72. Institutional investors have adjusted their positions, with notable increases from Geode Capital and Bank of America. The company focuses on the Whistler exploration property in Alaska.
Shares of U.S. GoldMining Inc. (NASDAQ:USGO - Get Free Report) shot up 0.9% during trading on Tuesday . The company traded as high as $9.51 and last traded at $9.39. 31,978 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 55,519 shares. The stock had previously closed at $9.31.
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Analysts Set New Price Targets
A number of brokerages have weighed in on USGO. Wall Street Zen raised U.S. GoldMining from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. HC Wainwright reiterated a "buy" rating and set a $26.50 target price on shares of U.S. GoldMining in a research note on Tuesday, August 26th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of U.S. GoldMining in a research note on Tuesday, October 14th. One 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, the company has a consensus rating of "Hold" and a consensus target price of $26.50.
Get Our Latest Analysis on U.S. GoldMining
U.S. GoldMining Trading Up 0.9%
The stock has a market cap of $124.61 million, a P/E ratio of -17.72 and a beta of 2.11. The firm has a 50-day simple moving average of $11.69 and a two-hundred day simple moving average of $9.87.
U.S. GoldMining (NASDAQ:USGO - Get Free Report) last announced its earnings results on Thursday, November 13th. The company reported ($0.22) earnings per share (EPS) for the quarter. Sell-side analysts predict that U.S. GoldMining Inc. will post -0.69 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in USGO. Geode Capital Management LLC lifted its position in U.S. GoldMining by 61.0% during the second quarter. Geode Capital Management LLC now owns 52,480 shares of the company's stock worth $430,000 after purchasing an additional 19,875 shares during the period. Citadel Advisors LLC acquired a new position in shares of U.S. GoldMining in the 3rd quarter valued at approximately $200,000. New York State Common Retirement Fund acquired a new position in shares of U.S. GoldMining in the 2nd quarter valued at approximately $93,000. OMERS ADMINISTRATION Corp lifted its holdings in shares of U.S. GoldMining by 79.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 24,273 shares of the company's stock worth $238,000 after acquiring an additional 10,773 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of 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 acquiring an additional 10,708 shares in the last quarter. 0.49% of the stock is owned by institutional investors.
U.S. GoldMining Company Profile
(Get Free Report)U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.
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