U.S. GoldMining (NASDAQ:USGO) Downgraded to “Sell” Rating by Wall Street Zen

U.S. GoldMining (NASDAQ:USGO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research firms have also recently issued reports on USGO. HC Wainwright raised their price target on shares of U.S. GoldMining from $26.50 to $30.75 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of U.S. GoldMining in a report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.75.

U.S. GoldMining Stock Up 1.6%

USGO opened at $10.77 on Friday. The company has a market cap of $143.46 million, a P/E ratio of -19.94 and a beta of 2.23. The firm’s 50-day moving average price is $12.43 and its 200-day moving average price is $11.35. U.S. GoldMining has a 52-week low of $7.42 and a 52-week high of $17.98.

U.S. GoldMining (NASDAQ:USGO) last released its earnings results on Friday, March 20th. The company reported ($0.15) EPS for the quarter. On average, research analysts anticipate that U.S. GoldMining will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On U.S. GoldMining

A number of large investors have recently bought and sold shares of USGO. Wells Fargo & Company MN raised its position in U.S. GoldMining by 46.1% during 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. Barclays PLC lifted its stake in U.S. GoldMining by 57.3% during the 4th quarter. Barclays PLC now owns 3,730 shares of the company’s stock valued at $33,000 after acquiring an additional 1,358 shares during the period. State Street Corp boosted its holdings in shares of U.S. GoldMining by 19.3% in the 4th quarter. State Street Corp now owns 17,422 shares of the company’s stock valued at $154,000 after acquiring an additional 2,822 shares during the last quarter. Russell Investments Group Ltd. boosted 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 valued at $50,000 after acquiring an additional 3,933 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of U.S. GoldMining by 33.3% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,000 shares of the company’s stock worth $197,000 after acquiring an additional 6,000 shares during the period. Hedge funds and other institutional investors own 0.49% of the company’s stock.

About U.S. GoldMining

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.