HC Wainwright Issues Positive Forecast for U.S. GoldMining (NASDAQ:USGO) Stock Price

U.S. GoldMining (NASDAQ:USGO) had its price objective boosted by stock analysts at HC Wainwright from $24.00 to $26.50 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s target price suggests a potential upside of 261.04% from the stock’s previous close.

U.S. GoldMining Price Performance

U.S. GoldMining stock opened at $7.34 on Tuesday. U.S. GoldMining has a 1 year low of $5.00 and a 1 year high of $14.46. The company’s 50 day simple moving average is $9.78 and its 200-day simple moving average is $7.83.

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.