U.S. GoldMining (NASDAQ:USGO) Upgraded to “Sell” at Wall Street Zen

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

Several other research firms have also weighed in on USGO. HC Wainwright restated a “buy” rating and set a $30.75 target price on shares of U.S. GoldMining in a report on Wednesday, September 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of U.S. GoldMining in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, U.S. GoldMining has a consensus rating of “Hold” and an average target price of $30.75.

U.S. GoldMining Stock Down 2.6%

Shares of USGO opened at $4.55 on Friday. The company’s fifty day moving average is $7.45 and its 200-day moving average is $9.07. U.S. GoldMining has a 12 month low of $4.35 and a 12 month high of $17.98. The firm has a market cap of $63.88 million, a price-to-earnings ratio of -5.23 and a beta of 1.97.

U.S. GoldMining (NASDAQ:USGO) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.36) earnings per share (EPS) for the quarter. As a group, research analysts predict that U.S. GoldMining will post -0.67 earnings per share for the current fiscal year.

Institutional Trading of U.S. GoldMining

Several large investors have recently modified their holdings of the company. Themes Management Co LLC bought a new position in U.S. GoldMining in the 1st quarter worth $139,000. International Assets Investment Management LLC bought a new position in shares of U.S. GoldMining in the first quarter worth about $161,000. GSA Capital Partners LLP bought a new position in shares of U.S. GoldMining in the second quarter worth about $264,000. Finally, BlackRock Inc. bought a new position in shares of U.S. GoldMining in the second quarter worth about $1,431,000. 0.49% of the stock is owned by institutional investors.

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.