U.S. GoldMining (NASDAQ:USGO) Trading 0.1% Higher - Time to Buy?

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

Analyst Upgrades and Downgrades

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

U.S. GoldMining Price Performance

The company has a market capitalization of $103.20 million, a PE ratio of -11.62 and a beta of 1.97. The firm's fifty day simple moving average is $9.39 and its 200 day simple moving average is $9.60.

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

Institutional Investors Weigh In On U.S. GoldMining

Institutional investors have recently modified their holdings of the business. Northern Trust Corp grew its position in shares of U.S. GoldMining by 124.4% during the 4th quarter. Northern Trust Corp now owns 27,080 shares of the company's stock valued at $233,000 after acquiring an additional 15,011 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of U.S. GoldMining during the 4th quarter valued at about $112,000. Renaissance Technologies LLC acquired a new stake in shares of U.S. GoldMining during the 4th quarter valued at about $91,000. Geode Capital Management LLC grew its position in shares of U.S. GoldMining by 38.5% during the 4th quarter. Geode Capital Management LLC now owns 31,196 shares of the company's stock valued at $269,000 after acquiring an additional 8,667 shares during the period. Finally, 683 Capital Management LLC acquired a new stake in shares of U.S. GoldMining during the 4th quarter valued at about $267,000. 0.49% of the stock is currently owned by institutional investors and hedge funds.

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.

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