U.S. GoldMining (NASDAQ:USGO – Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.36) earnings per share for the quarter, FiscalAI reports.
U.S. GoldMining Trading Up 2.7%
Shares of U.S. GoldMining stock traded up $0.23 during trading hours on Friday, reaching $8.77. 19,520 shares of the company’s stock were exchanged, compared to its average volume of 81,342. The stock has a market cap of $117.09 million, a P/E ratio of -10.08 and a beta of 1.86. The company has a 50 day moving average of $8.11 and a two-hundred day moving average of $10.76. U.S. GoldMining has a fifty-two week low of $7.16 and a fifty-two week high of $17.98.
Analyst Ratings Changes
Several analysts have commented on USGO shares. Weiss Ratings downgraded shares of U.S. GoldMining from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 30th. HC Wainwright reiterated a “buy” rating and issued a $30.75 price target on shares of U.S. GoldMining in a report on Thursday, June 25th. Finally, Wall Street Zen lowered shares of U.S. GoldMining from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.75.
Institutional Trading of U.S. GoldMining
Several institutional investors and hedge funds have recently bought and sold shares of USGO. Geode Capital Management LLC boosted its position in U.S. GoldMining by 61.0% during the second quarter. Geode Capital Management LLC now owns 52,480 shares of the company’s stock valued at $430,000 after purchasing an additional 19,875 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of U.S. GoldMining during the 2nd quarter worth approximately $93,000. Bank of America Corp DE raised its stake in shares of U.S. GoldMining by 580.1% during the 3rd 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 in the last quarter. Citadel Advisors LLC acquired a new stake in shares of U.S. GoldMining in the 3rd quarter valued at approximately $200,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of U.S. GoldMining in the fourth quarter valued at $131,000. 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.
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