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

Key Points

• HC Wainwright lowered its FY2026 EPS forecast for U.S. GoldMining to a loss of $0.67 per share from a previous estimate of $0.49, while maintaining a Buy rating and $30.75 price target.
• U.S. GoldMining reported a quarterly loss of $0.36 per share. Analyst sentiment is mixed, with one Buy and one Sell rating producing a consensus Hold rating and $30.75 average price target.
• The stock opened at $8.26 and has traded between $7.16 and $17.98 over the past year. Institutional and hedge-fund ownership remains limited at 0.49%, despite recent purchases by BlackRock and other firms.

U.S. GoldMining Inc. (NASDAQ:USGO - Free Report) - Analysts at HC Wainwright reduced their FY2026 EPS estimates for shares of U.S. GoldMining in a research report issued to clients and investors on Wednesday, September 9th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.67) per share for the year, down from their previous forecast of ($0.49). HC Wainwright currently 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 ($0.49) per share.

U.S. GoldMining (NASDAQ:USGO - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.36) earnings per share for the quarter.

Several other research analysts also recently issued reports on the company. Weiss Ratings downgraded U.S. GoldMining from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, June 30th. Wall Street Zen cut U.S. GoldMining from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, U.S. GoldMining has a consensus rating of "Hold" and an average price target of $30.75.

U.S. GoldMining Price Performance

Shares of NASDAQ USGO opened at $8.26 on Friday. The firm's 50-day moving average is $8.38 and its two-hundred day moving average is $10.25. The company has a market capitalization of $115.97 million, a PE ratio of -9.49 and a beta of 1.88. U.S. GoldMining has a 12-month low of $7.16 and a 12-month high of $17.98.

Institutional Investors Weigh In On U.S. GoldMining

Hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in U.S. GoldMining during the second quarter worth approximately $1,431,000. Marshall Wace LLP acquired a new position in U.S. GoldMining in the 4th quarter valued at $147,000. State Street Corp raised its holdings in U.S. GoldMining by 19.3% in the 4th quarter. State Street Corp now owns 17,422 shares of the company's stock valued at $154,000 after acquiring an additional 2,822 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of U.S. GoldMining during the 4th quarter worth $181,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of U.S. GoldMining during the 4th quarter worth $131,000. 0.49% of the stock is owned by institutional investors and hedge funds.

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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