Universal Beteiligungs und Servicegesellschaft mbH Grows Stake in U.S. GoldMining Inc. $USGO

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of U.S. GoldMining Inc. (NASDAQ:USGO) by 33.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,000 shares of the company’s stock after purchasing an additional 6,000 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.19% of U.S. GoldMining worth $197,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC raised its holdings in shares of U.S. GoldMining by 61.0% during the 2nd quarter. Geode Capital Management LLC now owns 52,480 shares of the company’s stock valued at $430,000 after buying an additional 19,875 shares during the period. 0.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on USGO. Weiss Ratings restated a “sell (d-)” rating on shares of U.S. GoldMining in a report on Tuesday, October 14th. Wall Street Zen raised shares of U.S. GoldMining from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $26.50 price target on shares of U.S. GoldMining in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, U.S. GoldMining has an average rating of “Hold” and an average target price of $26.50.

U.S. GoldMining Stock Up 1.1%

USGO stock opened at $9.79 on Friday. The stock’s 50 day moving average is $11.72 and its two-hundred day moving average is $9.86. U.S. GoldMining Inc. has a 52-week low of $7.26 and a 52-week high of $14.93. The company has a market capitalization of $129.97 million, a PE ratio of -18.48 and a beta of 2.11.

U.S. GoldMining (NASDAQ:USGO) last released its earnings results on Thursday, November 13th. The company reported ($0.22) EPS for the quarter. As a group, sell-side analysts anticipate that U.S. GoldMining Inc. will post -0.69 EPS for the current year.

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. 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.