U.S. GoldMining (NASDAQ:USGO) Stock Rating Upgraded by Wall Street Zen

U.S. GoldMining (NASDAQ:USGO) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

Several other research analysts have also issued reports on USGO. Weiss Ratings restated a “sell (e+)” rating on shares of U.S. GoldMining in a research report on Friday, September 25th. HC Wainwright reiterated a “buy” rating and issued a $30.75 price target on shares of U.S. GoldMining in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, U.S. GoldMining has a consensus rating of “Hold” and a consensus target price of $30.75.

U.S. GoldMining Stock Performance

Shares of NASDAQ:USGO opened at $4.55 on Friday. The company has a market capitalization of $63.88 million, a price-to-earnings ratio of -5.23 and a beta of 1.97. U.S. GoldMining has a 12 month low of $4.35 and a 12 month high of $17.98. The firm’s 50-day moving average is $7.45 and its 200 day moving average is $9.04.

U.S. GoldMining (NASDAQ:USGO) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.36) earnings per share for the quarter. As a group, equities analysts forecast that U.S. GoldMining will post -0.67 EPS for the current fiscal year.

Institutional Trading of U.S. GoldMining

A number of large investors have recently made changes to their positions in USGO. BlackRock Inc. purchased a new position in U.S. GoldMining in the 2nd quarter worth about $1,431,000. Themes Management Co LLC bought a new stake in U.S. GoldMining during the 1st quarter valued at about $139,000. GSA Capital Partners LLP bought a new stake in U.S. GoldMining during the 2nd quarter valued at about $264,000. Finally, International Assets Investment Management LLC bought a new stake in U.S. GoldMining during the 1st quarter valued at about $161,000. 0.49% of the stock is owned by hedge funds and other institutional investors.

About U.S. GoldMining

U.S. GoldMining Inc is a mineral exploration and development company focused on advancing gold and copper assets in the United States. The company is not currently a producing mining company; its activities include mineral exploration, resource evaluation, technical studies and project development.

The company’s principal asset is the 100%-owned Whistler project in south-central Alaska, approximately 170 kilometers southwest of Anchorage. The project includes the Whistler, Raintree and Island Mountain deposits and is being evaluated for its potential to host a large-scale gold-copper development.