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

U.S. GoldMining (NASDAQ:USGO) issued its quarterly earnings results on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, FiscalAI reports.

U.S. GoldMining Stock Up 2.6%

NASDAQ USGO opened at $12.05 on Friday. The firm has a market cap of $159.90 million, a P/E ratio of -22.74 and a beta of 2.17. U.S. GoldMining has a 52-week low of $7.42 and a 52-week high of $17.98. The business’s 50-day moving average price is $11.43 and its 200 day moving average price is $10.83.

Institutional Trading of U.S. GoldMining

Several large investors have recently added to or reduced their stakes in USGO. Russell Investments Group Ltd. lifted its position in U.S. GoldMining by 219.8% in the fourth quarter. Russell Investments Group Ltd. now owns 5,722 shares of the company’s stock worth $50,000 after purchasing an additional 3,933 shares during the period. Barclays PLC lifted its holdings in shares of U.S. GoldMining by 57.3% in the fourth quarter. Barclays PLC now owns 3,730 shares of the company’s stock valued at $33,000 after buying an additional 1,358 shares during the period. Marshall Wace LLP acquired a new stake in shares of U.S. GoldMining in the fourth quarter valued at $147,000. State Street Corp grew its holdings in U.S. GoldMining by 19.3% during the fourth quarter. State Street Corp now owns 17,422 shares of the company’s stock worth $154,000 after acquiring an additional 2,822 shares during the period. Finally, Wells Fargo & Company MN raised its position in U.S. GoldMining by 46.1% in the fourth quarter. Wells Fargo & Company MN now owns 4,150 shares of the company’s stock worth $37,000 after acquiring an additional 1,310 shares in the last quarter. 0.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of U.S. GoldMining in a report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.50.

U.S. GoldMining Company Profile

U.S. GoldMining Inc is a mineral exploration and development company focused on the acquisition, exploration and advancement of gold assets in the Americas. The company’s flagship project is West Desert, located in Utah’s Great Basin region, where it has completed detailed technical studies and resource modeling. In addition to West Desert, U.S. GoldMining has recently added the Colossus gold project in Pará State, Brazil, to its portfolio and holds interests in the Copper King deposit in Wyoming.