U.S. GoldMining (NASDAQ:USGO) Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of U.S. GoldMining (NASDAQ:USGO) from a sell rating to a strong sell rating in a research note published on Saturday.

Several other equities analysts have also issued reports on USGO. Weiss Ratings lowered U.S. GoldMining from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 30th. HC Wainwright reiterated a “buy” rating and set a $30.75 price target on shares of U.S. GoldMining in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, U.S. GoldMining currently has a consensus rating of “Hold” and a consensus price target of $30.75.

U.S. GoldMining Trading Up 1.4%

Shares of USGO opened at $8.95 on Friday. U.S. GoldMining has a 12-month low of $7.16 and a 12-month high of $17.98. The company has a market cap of $125.66 million, a PE ratio of -10.29 and a beta of 1.86. The stock has a 50-day moving average price of $8.12 and a 200-day moving average price of $10.67.

U.S. GoldMining (NASDAQ:USGO) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.36) EPS for the quarter. As a group, analysts predict that U.S. GoldMining will post -0.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its stake in U.S. GoldMining by 57.3% in 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. Wells Fargo & Company MN increased its position in U.S. GoldMining by 46.1% during the 4th 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. 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 worth $50,000 after purchasing an additional 3,933 shares in the last quarter. New York State Common Retirement Fund bought a new position in U.S. GoldMining in the 2nd quarter worth $93,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of U.S. GoldMining in the 4th quarter worth about $131,000. Hedge funds and other institutional investors own 0.49% of the company’s stock.

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.