U.S. GoldMining FY2025 EPS Estimate Lifted by HC Wainwright

Key Points

• HC Wainwright has raised its FY2025 earnings per share (EPS) estimate for U.S. GoldMining from ($0.58) to ($0.35), maintaining a "Buy" rating and a target price of $26.50.
• The stock recently experienced a decline of 4.0% and currently trades at $8.66, with a market capitalization of $109.81 million.
• Recently, institutional investors have shown increased interest in the stock, with significant purchases noted from firms like Geode Capital Management and New York State Common Retirement Fund.

U.S. GoldMining Inc. (NASDAQ:USGO - Free Report) - Investment analysts at HC Wainwright increased their FY2025 earnings per share (EPS) estimates for U.S. GoldMining in a report released on Tuesday, August 26th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.35) per share for the year, up from their previous forecast of ($0.58). HC Wainwright currently has a "Buy" rating and a $26.50 target price on the stock. The consensus estimate for U.S. GoldMining's current full-year earnings is ($0.69) per share.

Separately, Wall Street Zen raised shares of U.S. GoldMining from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $26.50.

U.S. GoldMining Stock Down 4.0%

NASDAQ USGO opened at $8.66 on Thursday. The firm's 50 day moving average is $8.38 and its 200-day moving average is $9.41. The company has a market capitalization of $109.81 million, a PE ratio of -13.12 and a beta of 1.96. U.S. GoldMining has a 12-month low of $5.00 and a 12-month high of $14.46.

U.S. GoldMining (NASDAQ:USGO - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported ($0.07) EPS for the quarter.

Hedge Funds Weigh In On U.S. GoldMining

Hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund bought a new stake in U.S. GoldMining during the second quarter worth $93,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of U.S. GoldMining by 33.3% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,000 shares of the company's stock valued at $197,000 after purchasing an additional 6,000 shares during the period. Geode Capital Management LLC lifted its stake in U.S. GoldMining by 61.0% in the 2nd 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. OMERS ADMINISTRATION Corp grew its holdings in U.S. GoldMining by 79.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 24,273 shares of the company's stock worth $238,000 after purchasing an additional 10,773 shares during the period. Finally, 683 Capital Management LLC bought a new position in U.S. GoldMining during the fourth quarter worth about $267,000. 0.49% of the stock is owned by institutional investors.

About U.S. GoldMining

U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.