U.S. GoldMining (NASDAQ:USGO) Issues Earnings Results

U.S. GoldMining (NASDAQ:USGO) issued its quarterly earnings results on Thursday. The company reported ($0.22) earnings per share (EPS) for the quarter, Zacks reports.

U.S. GoldMining Trading Down 2.5%

USGO stock traded down $0.24 during mid-day trading on Friday, reaching $9.55. 25,315 shares of the stock traded hands, compared to its average volume of 57,660. U.S. GoldMining has a 52-week low of $7.26 and a 52-week high of $14.93. The stock’s fifty day moving average is $11.70 and its 200-day moving average is $9.89. The company has a market cap of $121.09 million, a P/E ratio of -14.47 and a beta of 2.11.

Institutional Investors Weigh In On U.S. GoldMining

An institutional investor recently bought a new position in U.S. GoldMining stock. New York State Common Retirement Fund acquired a new stake in shares of U.S. GoldMining Inc. (NASDAQ:USGO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,300 shares of the company’s stock, valued at approximately $93,000. New York State Common Retirement Fund owned about 0.09% of U.S. GoldMining at the end of the most recent quarter. Institutional investors own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. HC Wainwright restated a “buy” rating and issued a $26.50 price objective on shares of U.S. GoldMining in a report on Tuesday, August 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of U.S. GoldMining in a report on Tuesday, October 14th. Finally, Wall Street Zen raised shares of U.S. GoldMining from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, U.S. GoldMining has a consensus rating of “Hold” and an average target price of $26.50.

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.