HC Wainwright Reduces Earnings Estimates for U.S. GoldMining

U.S. GoldMining Inc. (NASDAQ:USGOFree Report) – Stock analysts at HC Wainwright lowered their FY2024 earnings per share estimates for shares of U.S. GoldMining in a research note issued to investors on Tuesday, January 7th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.69) per share for the year, down from their prior forecast of ($0.47). HC Wainwright has a “Buy” rating and a $26.50 price target on the stock. The consensus estimate for U.S. GoldMining’s current full-year earnings is ($0.47) per share. HC Wainwright also issued estimates for U.S. GoldMining’s FY2025 earnings at ($0.58) EPS.

U.S. GoldMining Price Performance

USGO opened at $7.34 on Thursday. The stock’s 50 day moving average price is $9.75 and its 200-day moving average price is $7.83. U.S. GoldMining has a 52-week low of $5.00 and a 52-week high of $14.46.

About U.S. GoldMining

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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.

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