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

U.S. GoldMining (NASDAQ:USGO) had its target price upped by HC Wainwright from $24.00 to $26.50 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price target suggests a potential upside of 222.38% from the stock’s previous close.

U.S. GoldMining Trading Down 9.3 %

Shares of NASDAQ USGO opened at $8.22 on Tuesday. U.S. GoldMining has a 1 year low of $5.00 and a 1 year high of $14.46. The company has a 50-day moving average price of $9.85 and a 200-day moving average price of $7.82.

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.