U.S. GoldMining (NASDAQ:USGO) Posts Quarterly Earnings Results

U.S. GoldMining (NASDAQ:USGO) announced its quarterly earnings results on Tuesday. The company reported ($0.58) EPS for the quarter, FiscalAI reports.

U.S. GoldMining Stock Down 2.5%

Shares of NASDAQ:USGO traded down $0.12 during trading on Thursday, reaching $4.80. The stock had a trading volume of 13,839 shares, compared to its average volume of 91,821. U.S. GoldMining has a 52 week low of $4.35 and a 52 week high of $17.98. The firm has a market capitalization of $67.46 million, a price-to-earnings ratio of -3.91 and a beta of 2.06. The stock has a fifty day simple moving average of $6.41 and a two-hundred day simple moving average of $9.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in U.S. GoldMining during the 2nd quarter worth $1,431,000. International Assets Investment Management LLC bought a new stake in U.S. GoldMining during the first quarter valued at about $161,000. Themes Management Co LLC bought a new stake in U.S. GoldMining during the first quarter valued at about $139,000. GSA Capital Partners LLP acquired a new stake in shares of U.S. GoldMining in the second quarter valued at about $264,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of U.S. GoldMining in the third quarter valued at about $57,000. 0.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

USGO has been the topic of several recent research reports. Wall Street Zen raised shares of U.S. GoldMining from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 24th. Weiss Ratings restated a “sell (e+)” rating on shares of U.S. GoldMining in a research note on Friday, September 25th. Finally, HC Wainwright restated a “buy” rating and set a $30.75 price target on shares of U.S. GoldMining in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.75.

About U.S. GoldMining

U.S. GoldMining Inc. is a mineral exploration and development company focused on advancing gold and copper assets in the United States. The company is not currently a producing mining company; its activities include mineral exploration, resource evaluation, technical studies and project development. The company’s principal asset is the 100%-owned Whistler project in south-central Alaska, approximately 170 kilometers southwest of Anchorage. The project includes the Whistler, Raintree and Island Mountain deposits and is being evaluated for its potential to host a large-scale gold-copper development.