U.S. GoldMining (NASDAQ:USGO) Stock Price Expected to Rise, HC Wainwright Analyst Says

U.S. GoldMining (NASDAQ:USGO) had its price objective lifted by HC Wainwright from $26.50 to $30.75 in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price target would suggest a potential upside of 124.29% from the company’s previous close.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of U.S. GoldMining in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, U.S. GoldMining has a consensus rating of “Hold” and a consensus price target of $30.75.

U.S. GoldMining Price Performance

Shares of NASDAQ USGO opened at $13.71 on Tuesday. U.S. GoldMining has a 1-year low of $7.42 and a 1-year high of $17.98. The business’s 50 day moving average is $11.69 and its two-hundred day moving average is $10.98. The stock has a market capitalization of $181.93 million, a P/E ratio of -25.87 and a beta of 2.23.

U.S. GoldMining (NASDAQ:USGO) last announced its earnings results on Friday, February 27th. The company reported ($0.02) EPS for the quarter. As a group, equities research analysts anticipate that U.S. GoldMining will post -0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in USGO. Russell Investments Group Ltd. lifted its holdings in U.S. GoldMining by 219.8% during the 4th quarter. Russell Investments Group Ltd. now owns 5,722 shares of the company’s stock valued at $50,000 after buying an additional 3,933 shares in the last quarter. Barclays PLC increased its position in shares of U.S. GoldMining by 57.3% during the fourth quarter. Barclays PLC now owns 3,730 shares of the company’s stock worth $33,000 after acquiring an additional 1,358 shares during the period. Marshall Wace LLP purchased a new position in shares of U.S. GoldMining during the fourth quarter worth approximately $147,000. State Street Corp raised its stake in shares of U.S. GoldMining by 19.3% during the fourth quarter. State Street Corp now owns 17,422 shares of the company’s stock valued at $154,000 after acquiring an additional 2,822 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of U.S. GoldMining by 46.1% in the fourth quarter. Wells Fargo & Company MN now owns 4,150 shares of the company’s stock valued at $37,000 after purchasing an additional 1,310 shares during the period. 0.49% of the stock is currently owned by institutional investors.

U.S. GoldMining Company Profile

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.