U.S. GoldMining (NASDAQ:USGO) Trading 3.4% Higher – Here’s What Happened

U.S. GoldMining Inc. (NASDAQ:USGO) was up 3.4% during mid-day trading on Monday . The stock traded as high as $10.49 and last traded at $10.25. Approximately 31,276 shares traded hands during trading, a decline of 13% from the average daily volume of 36,032 shares. The stock had previously closed at $9.91.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and issued a $26.50 price objective on shares of U.S. GoldMining in a research report on Tuesday, February 4th.

U.S. GoldMining Stock Up 3.4 %

The firm’s 50-day moving average is $10.11 and its two-hundred day moving average is $9.45.

Hedge Funds Weigh In On U.S. GoldMining

Several large investors have recently made changes to their positions in USGO. 683 Capital Management LLC bought a new stake in U.S. GoldMining during the 4th quarter worth about $267,000. Northern Trust Corp grew its position in shares of U.S. GoldMining by 124.4% during the 4th quarter. Northern Trust Corp now owns 27,080 shares of the company’s stock worth $233,000 after buying an additional 15,011 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of U.S. GoldMining during the fourth quarter worth approximately $116,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in U.S. GoldMining in the fourth quarter valued at approximately $112,000. Finally, Renaissance Technologies LLC bought a new position in U.S. GoldMining in the fourth quarter valued at approximately $91,000. Institutional investors and hedge funds own 0.49% of the company’s stock.

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.