Weiss Ratings Reaffirms "Sell (D-)" Rating for U.S. GoldMining (NASDAQ:USGO)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for U.S. GoldMining, indicating ongoing concerns about the stock's performance.
• Despite the negative rating from Weiss, Wall Street Zen upgraded the stock from "sell" to "hold", while HC Wainwright maintains a "buy" rating with a target price of $26.50.
• The stock's recent performance shows a trading price of $14.49, with significant fluctuations, having a 1-year low of $7.26 and a high of $14.93.

U.S. GoldMining (NASDAQ:USGO - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

Other equities research analysts have also issued reports about the stock. Wall Street Zen raised shares of U.S. GoldMining from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. HC Wainwright reissued a "buy" rating and set a $26.50 target price on shares of U.S. GoldMining in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.50.

U.S. GoldMining Price Performance

NASDAQ:USGO traded up $0.84 during mid-day trading on Tuesday, hitting $14.49. The company's stock had a trading volume of 127,044 shares, compared to its average volume of 53,059. U.S. GoldMining has a 1 year low of $7.26 and a 1 year high of $14.93. The stock has a market cap of $183.73 million, a price-to-earnings ratio of -21.95 and a beta of 2.13. The business's fifty day moving average is $10.06 and its two-hundred day moving average is $9.56.

U.S. GoldMining (NASDAQ:USGO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.07) EPS for the quarter. Analysts anticipate that U.S. GoldMining will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in U.S. GoldMining by 38.5% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 18,000 shares of the company's stock valued at $176,000 after acquiring an additional 5,000 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its stake in U.S. GoldMining by 79.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 24,273 shares of the company's stock worth $238,000 after purchasing an additional 10,773 shares in the last quarter. 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 worth $430,000 after purchasing an additional 19,875 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in U.S. GoldMining in the 2nd quarter worth approximately $93,000. Institutional investors and hedge funds own 0.49% of the company's stock.

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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