U.S. GoldMining (NASDAQ:USGO) Shares Up 0.9% – Time to Buy?

U.S. GoldMining Inc. (NASDAQ:USGO)’s share price traded up 0.9% during trading on Tuesday . The company traded as high as $9.51 and last traded at $9.39. 31,978 shares were traded during trading, a decline of 42% from the average session volume of 55,519 shares. The stock had previously closed at $9.31.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. HC Wainwright reaffirmed a “buy” rating and issued a $26.50 price objective on shares of U.S. GoldMining in a research note on Tuesday, August 26th. Weiss Ratings restated a “sell (d-)” rating on shares of U.S. GoldMining in a research note on Tuesday, October 14th. Finally, Wall Street Zen raised shares of U.S. GoldMining from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, U.S. GoldMining currently has a consensus rating of “Hold” and a consensus target price of $26.50.

U.S. GoldMining Price Performance

The company has a market capitalization of $124.61 million, a P/E ratio of -17.72 and a beta of 2.11. The company has a fifty day moving average price of $11.69 and a two-hundred day moving average price of $9.87.

U.S. GoldMining (NASDAQ:USGO) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.22) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that U.S. GoldMining Inc. will post -0.69 earnings per share for the current year.

Institutional Trading of U.S. GoldMining

Several institutional investors have recently modified their holdings of USGO. New York State Common Retirement Fund acquired a new stake in U.S. GoldMining in the second quarter valued at $93,000. 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 period. Citadel Advisors LLC bought a new stake in shares of U.S. GoldMining in the 3rd quarter valued at about $200,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of U.S. GoldMining by 38.5% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 18,000 shares of the company’s stock valued at $176,000 after buying an additional 5,000 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of U.S. GoldMining by 79.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 24,273 shares of the company’s stock valued at $238,000 after buying an additional 10,773 shares during the period. Institutional investors own 0.49% of the company’s stock.

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.