U.S. GoldMining (NASDAQ:USGO) Trading Up 4.2%

U.S. GoldMining Inc. (NASDAQ:USGO)’s stock price was up 4.2% during mid-day trading on Wednesday . The company traded as high as $5.99 and last traded at $5.94. Approximately 3,224 shares traded hands during trading, a decline of 94% from the average daily volume of 54,372 shares. The stock had previously closed at $5.70.

Analyst Ratings Changes

Separately, HC Wainwright lifted their target price on shares of U.S. GoldMining from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 25th.

U.S. GoldMining Stock Up 4.2 %

The firm’s fifty day moving average is $7.56 and its 200 day moving average is $10.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in U.S. GoldMining stock. BlackRock Inc. acquired a new position in shares of U.S. GoldMining Inc. (NASDAQ:USGO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,720 shares of the company’s stock, valued at approximately $61,000.

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. It holds interests in the Whistler project, a gold-copper exploration project covering 17,159 Ha located in the Yentna mining district, Alaska. The company was incorporated in 2015 and is based in Anchorage, Alaska.