Renaissance Technologies LLC Takes Position in U.S. GoldMining Inc. (NASDAQ:USGO)

Renaissance Technologies LLC acquired a new position in shares of U.S. GoldMining Inc. (NASDAQ:USGO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 10,571 shares of the company’s stock, valued at approximately $91,000.

Separately, Geode Capital Management LLC increased its position in U.S. GoldMining by 38.5% in the 4th quarter. Geode Capital Management LLC now owns 31,196 shares of the company’s stock worth $269,000 after purchasing an additional 8,667 shares during the last quarter. 0.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $26.50 price target on shares of U.S. GoldMining in a research note on Tuesday, February 4th.

U.S. GoldMining Stock Performance

U.S. GoldMining stock opened at $9.68 on Thursday. U.S. GoldMining Inc. has a 1-year low of $5.00 and a 1-year high of $14.46. The firm’s fifty day simple moving average is $9.68 and its 200-day simple moving average is $9.85.

U.S. GoldMining 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.