U.S. GoldMining (NASDAQ:USGO) Trading Up 0.1% - Still a Buy?

U.S. GoldMining Inc. (NASDAQ:USGO - Get Free Report) shares shot up 0.1% during mid-day trading on Wednesday . The stock traded as high as $8.61 and last traded at $8.25. 18,320 shares traded hands during trading, a decline of 57% from the average session volume of 42,343 shares. The stock had previously closed at $8.24.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of U.S. GoldMining from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

U.S. GoldMining Price Performance

The company has a 50-day moving average of $9.32 and a two-hundred day moving average of $9.58. The stock has a market capitalization of $92.82 million, a PE ratio of -10.45 and a beta of 1.97.

U.S. GoldMining (NASDAQ:USGO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.10) EPS for the quarter. On average, research analysts forecast that U.S. GoldMining Inc. will post -0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On U.S. GoldMining

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new stake in shares of U.S. GoldMining during the 4th quarter valued at $91,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in U.S. GoldMining during the fourth quarter valued at about $112,000. OMERS ADMINISTRATION Corp purchased a new stake in U.S. GoldMining during the fourth quarter valued at about $116,000. Northern Trust Corp increased its stake in U.S. GoldMining by 124.4% during the fourth quarter. Northern Trust Corp now owns 27,080 shares of the company's stock worth $233,000 after acquiring an additional 15,011 shares during the last quarter. Finally, 683 Capital Management LLC purchased a new position in shares of U.S. GoldMining in the 4th quarter worth about $267,000. Institutional investors and hedge funds 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.