HC Wainwright restated their buy rating on shares of U.S. GoldMining (NASDAQ:USGO – Free Report) in a research note published on Wednesday morning,Benzinga reports. They currently have a $30.75 price objective on the stock. HC Wainwright also issued estimates for U.S. GoldMining’s FY2026 earnings at ($0.67) EPS.
USGO has been the topic of a number of other reports. 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. Wall Street Zen lowered U.S. GoldMining from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.75.
View Our Latest Stock Report on USGO
U.S. GoldMining Price Performance
U.S. GoldMining (NASDAQ:USGO – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.36) earnings per share for the quarter. On average, sell-side analysts expect that U.S. GoldMining will post -0.67 earnings per share for the current year.
Institutional Trading of U.S. GoldMining
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USGO. BlackRock Inc. purchased a new position in shares of U.S. GoldMining during the second quarter valued at approximately $1,431,000. GSA Capital Partners LLP bought a new stake in shares of U.S. GoldMining during the 2nd quarter worth approximately $264,000. Themes Management Co LLC bought a new stake in shares of U.S. GoldMining during the 1st quarter worth approximately $139,000. International Assets Investment Management LLC purchased a new position in U.S. GoldMining during the 1st quarter valued at $161,000. Finally, Marshall Wace LLP purchased a new position in U.S. GoldMining during the 4th quarter valued at $147,000. 0.49% of the stock is owned by hedge funds and other institutional investors.
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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