U.S. GoldMining’s (USGO) “Buy” Rating Reiterated at HC Wainwright

U.S. GoldMining (NASDAQ:USGO)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a report released on Tuesday,Benzinga reports. They presently have a $26.50 target price on the stock. HC Wainwright’s target price indicates a potential upside of 130.54% from the company’s previous close.

U.S. GoldMining Price Performance

NASDAQ USGO traded up $0.58 during midday trading on Tuesday, hitting $11.50. The company had a trading volume of 46,302 shares, compared to its average volume of 34,717. The firm has a 50-day moving average price of $9.57 and a 200-day moving average price of $8.18. U.S. GoldMining has a twelve month low of $5.00 and a twelve month high of $14.46.

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.