U.S. GoldMining (NASDAQ:USGO) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of U.S. GoldMining (NASDAQ:USGO) from a hold rating to a sell rating in a research note released on Sunday morning.

Several other research analysts also recently weighed in on the stock. HC Wainwright upped their price target on shares of U.S. GoldMining from $26.50 to $30.75 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of U.S. GoldMining in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.75.

U.S. GoldMining Price Performance

USGO opened at $13.23 on Friday. U.S. GoldMining has a twelve month low of $7.42 and a twelve month high of $17.98. The company has a 50-day moving average price of $12.34 and a 200 day moving average price of $11.47. The company has a market cap of $176.22 million, a PE ratio of -24.50 and a beta of 1.97.

U.S. GoldMining (NASDAQ:USGO) last released its quarterly earnings results on Friday, April 10th. The company reported ($0.02) earnings per share for the quarter. As a group, sell-side analysts expect that U.S. GoldMining will post -0.47 earnings per share for the current year.

Institutional Trading of U.S. GoldMining

Hedge funds have recently bought and sold shares of the business. Barclays PLC raised its holdings in U.S. GoldMining by 57.3% in the 4th quarter. Barclays PLC now owns 3,730 shares of the company’s stock valued at $33,000 after acquiring an additional 1,358 shares during the last quarter. Wells Fargo & Company MN raised its holdings in U.S. GoldMining by 46.1% in the 4th quarter. Wells Fargo & Company MN now owns 4,150 shares of the company’s stock valued at $37,000 after acquiring an additional 1,310 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in U.S. GoldMining by 219.8% in the 4th quarter. Russell Investments Group Ltd. now owns 5,722 shares of the company’s stock valued at $50,000 after acquiring an additional 3,933 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in U.S. GoldMining in the 2nd quarter valued at about $93,000. Finally, Goldman Sachs Group Inc. acquired a new stake in U.S. GoldMining in the 4th quarter valued at about $131,000. Institutional investors and hedge funds own 0.49% of the company’s stock.

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.