U.S. GoldMining (NASDAQ:USGO) Earns “Buy” Rating from HC Wainwright

U.S. GoldMining (NASDAQ:USGO)‘s stock had its “buy” rating reissued by HC Wainwright in a research note issued on Tuesday,Benzinga reports. They currently have a $26.50 target price on the stock. HC Wainwright’s target price suggests a potential upside of 143.12% from the stock’s previous close.

U.S. GoldMining Price Performance

Shares of USGO opened at $10.90 on Tuesday. U.S. GoldMining has a 1-year low of $5.00 and a 1-year high of $14.46. The company’s fifty day moving average price is $9.50 and its 200-day moving average price is $8.25.

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.