U.S. GoldMining (NASDAQ:USGO) Earns Buy Rating from HC Wainwright

U.S. GoldMining (NASDAQ:USGO)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $30.75 price target on the stock. HC Wainwright’s target price points to a potential upside of 281.51% from the company’s previous close.

USGO has been the subject of a number of other research reports. Wall Street Zen cut U.S. GoldMining from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of U.S. GoldMining in a report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, U.S. GoldMining has a consensus rating of “Hold” and an average price target of $30.75.

U.S. GoldMining Trading Down 2.7%

U.S. GoldMining stock opened at $8.06 on Thursday. U.S. GoldMining has a 1-year low of $7.42 and a 1-year high of $17.98. The firm’s fifty day simple moving average is $11.02 and its 200-day simple moving average is $11.33. The company has a market capitalization of $107.60 million, a P/E ratio of -13.90 and a beta of 1.75.

U.S. GoldMining (NASDAQ:USGO) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter. On average, equities research analysts predict that U.S. GoldMining will post -0.49 earnings per share for the current year.

Institutional Trading of U.S. GoldMining

Large investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in U.S. GoldMining by 148.6% in the 4th quarter. Renaissance Technologies LLC now owns 73,100 shares of the company’s stock worth $645,000 after acquiring an additional 43,700 shares during the period. Geode Capital Management LLC boosted its holdings in U.S. GoldMining by 14.8% during the fourth quarter. Geode Capital Management LLC now owns 59,576 shares of the company’s stock valued at $526,000 after acquiring an additional 7,667 shares during the period. Los Angeles Capital Management LLC bought a new stake in U.S. GoldMining during the fourth quarter valued at about $181,000. State Street Corp grew its position in shares of U.S. GoldMining by 19.3% in the fourth quarter. State Street Corp now owns 17,422 shares of the company’s stock valued at $154,000 after purchasing an additional 2,822 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of U.S. GoldMining in the fourth quarter valued at about $147,000. 0.49% of the stock is owned by institutional investors.

About U.S. GoldMining

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.