Wall Street Zen Downgrades U.S. GoldMining (NASDAQ:USGO) to Sell

Wall Street Zen cut shares of U.S. GoldMining (NASDAQ:USGO) from a hold rating to a sell rating in a research report report published on Thursday morning.

Separately, HC Wainwright reissued a “buy” rating and set a $26.50 price target on shares of U.S. GoldMining in a research report on Tuesday, February 4th.

U.S. GoldMining Stock Down 4.6%

USGO opened at $8.82 on Thursday. The company has a fifty day moving average price of $9.73 and a two-hundred day moving average price of $9.85. U.S. GoldMining has a 52 week low of $5.00 and a 52 week high of $14.46.

U.S. GoldMining (NASDAQ:USGO) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.10) earnings per share for the quarter. As a group, research analysts predict that U.S. GoldMining will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On U.S. GoldMining

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of U.S. GoldMining by 38.5% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 18,000 shares of the company’s stock worth $176,000 after purchasing an additional 5,000 shares in the last quarter. Geode Capital Management LLC lifted its position in U.S. GoldMining by 38.5% in the 4th quarter. Geode Capital Management LLC now owns 31,196 shares of the company’s stock valued at $269,000 after acquiring an additional 8,667 shares in the last quarter. Renaissance Technologies LLC bought a new stake in U.S. GoldMining in the 4th quarter valued at $91,000. OMERS ADMINISTRATION Corp lifted its position in U.S. GoldMining by 79.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 24,273 shares of the company’s stock valued at $238,000 after acquiring an additional 10,773 shares in the last quarter. Finally, Northern Trust Corp lifted its position in U.S. GoldMining by 124.4% in the 4th quarter. Northern Trust Corp now owns 27,080 shares of the company’s stock valued at $233,000 after acquiring an additional 15,011 shares in the last quarter. 0.49% of the stock is owned by institutional investors.

U.S. GoldMining Company Profile

U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.