U.S. GoldMining (NASDAQ:USGO) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded U.S. GoldMining from a "sell" to a "hold"; the stock's consensus rating is "Hold" with an average target price of $30.75, while analysts remain split (one Buy, one Sell) and HC Wainwright recently raised its target to $30.75 with a Buy.
• Shares opened at $13.23 with a market cap of $176.2M and a negative P/E of -24.5; the company reported quarterly EPS of ($0.02) and analysts forecast -0.47 EPS for the current fiscal year.
• U.S. GoldMining is a mineral exploration/development company focused on the West Desert project in Utah and recent additions like the Colossus project in Brazil and interests in Wyoming's Copper King, while institutional ownership remains low at about 0.49%.

U.S. GoldMining (NASDAQ:USGO - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other analysts have also recently issued reports on USGO. Weiss Ratings reissued a "sell (d-)" rating on shares of U.S. GoldMining in a research note on Wednesday, April 8th. HC Wainwright raised their target price on U.S. GoldMining from $26.50 to $30.75 and gave the stock a "buy" rating in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $30.75.

U.S. GoldMining Trading Up 1.1%

USGO opened at $13.23 on Friday. The company has a market cap of $176.22 million, a P/E ratio of -24.50 and a beta of 2.11. The business's 50-day moving average price is $12.17 and its 200-day moving average price is $11.53. U.S. GoldMining has a 12 month low of $7.42 and a 12 month high of $17.98.

U.S. GoldMining (NASDAQ:USGO - Get Free Report) last posted its earnings results on Friday, April 10th. The company reported ($0.02) earnings per share (EPS) for the quarter. Equities research analysts forecast that U.S. GoldMining will post -0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in shares of U.S. GoldMining by 219.8% during the 4th quarter. Russell Investments Group Ltd. now owns 5,722 shares of the company's stock worth $50,000 after acquiring an additional 3,933 shares during the period. Barclays PLC grew its holdings in shares of U.S. GoldMining by 57.3% during the 4th quarter. Barclays PLC now owns 3,730 shares of the company's stock worth $33,000 after acquiring an additional 1,358 shares during the period. Marshall Wace LLP purchased a new position in shares of U.S. GoldMining during the 4th quarter worth approximately $147,000. State Street Corp grew its holdings in shares of U.S. GoldMining by 19.3% during the 4th quarter. State Street Corp now owns 17,422 shares of the company's stock worth $154,000 after acquiring an additional 2,822 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of U.S. GoldMining by 46.1% during the 4th quarter. Wells Fargo & Company MN now owns 4,150 shares of the company's stock worth $37,000 after acquiring an additional 1,310 shares during the period. Hedge funds and other 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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