FY2026 EPS Estimates for U.S. GoldMining Reduced by Analyst

U.S. GoldMining Inc. (NASDAQ:USGO) – Equities research analysts at HC Wainwright cut their FY2026 earnings per share (EPS) estimates for U.S. GoldMining in a report released on Friday, May 22nd. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.49) per share for the year, down from their prior forecast of ($0.47). HC Wainwright has a “Buy” rating and a $30.75 price target on the stock. The consensus estimate for U.S. GoldMining’s current full-year earnings is ($0.47) per share.

U.S. GoldMining (NASDAQ:USGO) last released its earnings results on Wednesday, May 13th. The company reported ($0.14) EPS for the quarter.

A number of other research analysts have also recently issued reports on USGO. Wall Street Zen cut U.S. GoldMining from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of U.S. GoldMining in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.75.

U.S. GoldMining Stock Up 5.4%

USGO opened at $10.94 on Wednesday. The business’s fifty day simple moving average is $12.22 and its 200 day simple moving average is $11.47. U.S. GoldMining has a 52 week low of $7.42 and a 52 week high of $17.98. The stock has a market cap of $146.09 million, a PE ratio of -18.86 and a beta of 1.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC bought a new position in shares of U.S. GoldMining during the third quarter valued at about $200,000. Los Angeles Capital Management LLC bought a new position in shares of U.S. GoldMining during the fourth quarter valued at about $181,000. Bank of America Corp DE boosted its holdings in shares of U.S. GoldMining by 580.1% during the third quarter. Bank of America Corp DE now owns 12,554 shares of the company’s stock worth $161,000 after purchasing an additional 10,708 shares during the period. State Street Corp boosted its holdings 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 worth $154,000 after purchasing an additional 2,822 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of U.S. GoldMining during the fourth quarter worth 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.