U.S. GoldMining (NASDAQ:USGO) Given New $30.75 Price Target at HC Wainwright

U.S. GoldMining (NASDAQ:USGO) had its price objective hoisted by HC Wainwright from $26.50 to $30.75 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of U.S. GoldMining in a report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.75.

U.S. GoldMining Price Performance

Shares of USGO opened at $13.51 on Tuesday. The company has a market capitalization of $179.28 million, a PE ratio of -25.49 and a beta of 2.23. U.S. GoldMining has a one year low of $7.42 and a one year high of $17.98. The company’s fifty day moving average price is $11.61 and its 200 day moving average price is $10.96.

U.S. GoldMining (NASDAQ:USGO) last issued its quarterly earnings results on Friday, February 27th. The company reported ($0.02) earnings per share (EPS) for the quarter. Analysts anticipate that U.S. GoldMining will post -0.69 earnings per share for the current year.

Hedge Funds Weigh In On U.S. GoldMining

Several institutional investors and hedge funds have recently added to or reduced their stakes in USGO. Renaissance Technologies LLC grew its holdings in shares of U.S. GoldMining by 148.6% during the 4th quarter. Renaissance Technologies LLC now owns 73,100 shares of the company’s stock worth $645,000 after purchasing an additional 43,700 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of U.S. GoldMining in the fourth quarter valued at $181,000. Geode Capital Management LLC lifted its position in U.S. GoldMining by 61.0% in the second quarter. Geode Capital Management LLC now owns 52,480 shares of the company’s stock worth $430,000 after purchasing an additional 19,875 shares during the period. Marshall Wace LLP bought a new position in U.S. GoldMining in the fourth quarter worth $147,000. Finally, Citadel Advisors LLC acquired a new stake in U.S. GoldMining during the third quarter worth $200,000. 0.49% of the stock is currently owned by institutional investors.

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.