U.S. GoldMining (NASDAQ:USGO) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen cut shares of U.S. GoldMining (NASDAQ:USGO) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning.

A number of other research analysts have also weighed in on USGO. Weiss Ratings lowered U.S. GoldMining from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 30th. HC Wainwright reiterated a “buy” rating and issued a $30.75 target price on shares of U.S. GoldMining in a research report on Thursday, June 25th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.75.

U.S. GoldMining Stock Performance

USGO opened at $8.83 on Friday. The stock has a market capitalization of $123.97 million, a price-to-earnings ratio of -10.15 and a beta of 1.86. The company has a fifty day moving average of $8.11 and a 200 day moving average of $10.74. U.S. GoldMining has a fifty-two week low of $7.16 and a fifty-two week high of $17.98.

U.S. GoldMining (NASDAQ:USGO) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.36) earnings per share (EPS) for the quarter. On average, equities research analysts forecast that U.S. GoldMining will post -0.49 earnings per share for the current year.

Institutional Investors Weigh In On U.S. GoldMining

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its position in U.S. GoldMining by 57.3% during the fourth quarter. Barclays PLC now owns 3,730 shares of the company’s stock valued at $33,000 after purchasing an additional 1,358 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of U.S. GoldMining by 46.1% in the 4th quarter. Wells Fargo & Company MN now owns 4,150 shares of the company’s stock worth $37,000 after buying an additional 1,310 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of U.S. GoldMining by 219.8% in the 4th quarter. Russell Investments Group Ltd. now owns 5,722 shares of the company’s stock worth $50,000 after buying an additional 3,933 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of U.S. GoldMining during the 2nd quarter valued at about $93,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of U.S. GoldMining during the 4th quarter valued at about $131,000. Hedge funds and other institutional investors own 0.49% of the company’s stock.

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.