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

U.S. GoldMining (NASDAQ:USGO - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.22) earnings per share (EPS) for the quarter, Zacks reports.

U.S. GoldMining Stock Down 7.6%

Shares of USGO stock traded down $0.80 on Thursday, reaching $9.79. The stock had a trading volume of 72,853 shares, compared to its average volume of 57,817. U.S. GoldMining has a 12 month low of $7.26 and a 12 month high of $14.93. The firm has a market capitalization of $124.14 million, a price-to-earnings ratio of -14.83 and a beta of 2.11. The firm's 50-day moving average is $11.69 and its two-hundred day moving average is $9.89.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on USGO shares. Wall Street Zen upgraded U.S. GoldMining from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. HC Wainwright reaffirmed a "buy" rating and set a $26.50 price target on shares of U.S. GoldMining in a research report on Tuesday, August 26th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of U.S. GoldMining in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $26.50.

Get Our Latest Research Report on USGO

Institutional Inflows and Outflows

An institutional investor recently raised its position in U.S. GoldMining stock. Geode Capital Management LLC boosted its holdings in U.S. GoldMining Inc. (NASDAQ:USGO - Free Report) by 61.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,480 shares of the company's stock after acquiring an additional 19,875 shares during the period. Geode Capital Management LLC owned 0.42% of U.S. GoldMining worth $430,000 as of its most recent filing with the Securities and Exchange Commission. 0.49% of the stock is currently owned by institutional investors and hedge funds.

U.S. GoldMining Company Profile

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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