U.S. GoldMining (NASDAQ:USGO) Rating Increased to Hold at Wall Street Zen

Key Points

• U.S. GoldMining has been upgraded by Wall Street Zen from a "sell" to a "hold" rating, signaling a potentially more stable outlook for the company.
• The company's stock opened at $7.89 and has a current market capitalization of $100.05 million, highlighting its modest size within the industry.
• Recent institutional investments show increased interest, with Geode Capital Management lifting its stake by 38.5% in the fourth quarter alone.

U.S. GoldMining (NASDAQ:USGO - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

U.S. GoldMining Price Performance

Shares of NASDAQ USGO opened at $7.89 on Friday. The company has a market cap of $100.05 million, a P/E ratio of -11.95 and a beta of 1.96. U.S. GoldMining has a 1 year low of $5.00 and a 1 year high of $14.46. The firm has a 50-day simple moving average of $8.63 and a two-hundred day simple moving average of $9.51.

U.S. GoldMining (NASDAQ:USGO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that U.S. GoldMining will post -0.69 EPS for the current year.

Institutional Trading of U.S. GoldMining

Several institutional investors have recently added to or reduced their stakes in USGO. Geode Capital Management LLC lifted its stake in U.S. GoldMining by 38.5% in the fourth quarter. Geode Capital Management LLC now owns 31,196 shares of the company's stock worth $269,000 after purchasing an additional 8,667 shares during the last quarter. Renaissance Technologies LLC bought a new stake in U.S. GoldMining in the fourth quarter worth about $91,000. Northern Trust Corp lifted its stake in U.S. GoldMining by 124.4% in the fourth quarter. Northern Trust Corp now owns 27,080 shares of the company's stock worth $233,000 after purchasing an additional 15,011 shares during the last quarter. 683 Capital Management LLC purchased a new position in shares of U.S. GoldMining during the fourth quarter worth approximately $267,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of U.S. GoldMining during the fourth quarter worth approximately $116,000. Institutional investors own 0.49% of the company's stock.

U.S. GoldMining Company Profile

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.

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