Is USGO a good stock to buy right now?

Based on our 6-factor quantitative model, U.S. GoldMining Inc. (USGO) receives a "Reduce" rating with a composite score of 36.4/100. It is ranked #3,335 out of 4,446 stocks. Key factor scores: Quality 18/100, Value 29/100, Momentum 55/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for USGO?

U.S. GoldMining Inc. (USGO) has a "Reduce" rating and 2-star score. The composite score of 36.4 ranks it #3,335 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is USGO in?

U.S. GoldMining Inc. operates in the Materials sector (Precious Metals industry) with a market cap of $161 million. It is classified as a micro-cap stock.

Does USGO pay a dividend?

USGO does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is USGO's P/E ratio?

P/E ratio data is not currently available for USGO, which may indicate the company is not yet profitable.

How profitable is USGO?

USGO's quality factor score is 18/100. ROE: -123.0% vs sector average 3.3%. Margins are moderate to low, reflecting competitive market dynamics.

How is USGO valued compared to peers?

USGO's value factor score is 29/100 (higher = cheaper). Key multiples: . Trading at a premium relative to peers.

What is USGO's debt level?

USGO's debt-to-equity ratio is 11%. Sector average: 41%. Low leverage suggests conservative financial management.

USGO has a beta of 0.85, meaning it tracks the market. Stability score: 42/100.

Does USGO have high short interest?

USGO's short interest factor score is 63/100 (higher = less short selling). Moderate short interest.

USGO Stock Analysis: Top Micro-Cap Reduce (Score 36.4/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
USGO	-0.16%	0.00%	-11.11%	+39.68%	+26.49%	-	-	-
Industry Proxy XLB	+0.56%	+3.07%	+4.17%	+14.58%	-33.54%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-0.10%	-3.60%	-11.45%	+40.04%	-3.04%	-	-	-
Alpha vs Sector	-0.72%	-3.07%	-15.28%	+25.11%	+60.03%	-	-	-

Metric	USGO	Benchmark
P/E Ratio	-17.0x	-164%
EV/EBITDA	—	—
Price / Book	20.9x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
CF CF Industries Holdings, Inc.	57	50	72	66	11.8x	21.1%	36.2%	24.9%	5.5%	41.0x	$19.7B	VS
NTR Nutrien Ltd.	57	37	70	64	54.2x	11.5%	29.0%	2.7%	-	52.0x	$35.9B	VS
UAN CVR PARTNERS, LP	56	50	71	67	12.0x	42.4%	28.5%	17.8%	23.1%	265.0x	$1.3B	VS
LXU LSB INDUSTRIES, INC.	54	50	54	73	41.2x	-3.3%	8.6%	-4.5%	11.0%	85.0x	$1.1B	VS
AA Alcoa Corp	54	50	61	71	18.7x	16.6%	10.0%	8.0%	3.1%	40.0x	$19.0B	VS
MEOH METHANEX CORP	53	34	76	72	24.6x	47.8%	19.1%	6.7%	-	149.0x	$4.6B	VS
NGVT Ingevity Corp	53	50	68	66	53.4x	-638.7%	38.1%	-12.1%	-14.7%	5,459.0x	$2.5B	VS
SEE SEALED AIR CORP/DE	52	50	67	59	11.2x	44.7%	30.2%	10.4%	0.5%	318.0x	$6.2B	VS
ACU ACME UNITED CORP	51	50	71	51	16.4x	9.0%	39.4%	5.2%	-11.5%	45.0x	$171M	VS
APD Air Products & Chemicals, Inc.	51	50	49	50	179.2x	2.4%	31.6%	2.2%	3.9%	114.0x	$64.4B	VS
USGO U.S. GoldMining Inc.	36	18	29	55	-	-123.0%	-	-	-	11.0x	$161M

Key Ratio	TTM	2025	2024	2023	2022
Gross Margin %	-	-	-	-	-
Operating Margin %	-	-	-	-	-
EBITDA Margin %	-	-	-	-	-
Net Margin %	-	-	-	-	-
FCF Margin %	-	-	-	-	-
ROE %	-1.2%	-0.9%	-1.9%	-0.8%	135.5%
ROA %	-1.1%	-0.8%	-1.6%	-0.7%	-7.6%
ROIC %	-174.0%	-73.9%	-158.0%	-63.2%	-

Line Item	TTM	2025	2024	2023	2022
	$0	$0	$0	$0	$0
	$0	—	—	—	$0
	—	—	—	—	$0
Total Operating Expenses	—	$7M	$9M	$10M	—
	-$10M	-$7M	-$9M	-$10M	-$2M
EBIT	-$10M	-$7M	-$9M	-$10M	-$2M
EBITDA	-$9M	-$7M	-$9M	-$10M	-$2M
	—	-$7M	-$8M	-$9M	—
Income Tax Expense	—	$4K	—	—	$0
	-$9M	-$7M	-$8M	-$9M	-$2M
	$-0.55	$-0.55	$-0.68	$-0.82	$-0.17
Diluted EPS	$-0.55	$-0.55	$-0.68	$-0.82	$-0.17
Weighted Avg Basic	—	13M	12M	11M	—
Weighted Avg Diluted	—	13M	12M	11M	—

U.S. GoldMining Inc. (USGO) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does U.S. GoldMining Inc. Do?

We are an exploration stage company and our sole project is currently the Whistler Project. We have no operating revenues and do not anticipate generating revenues for the foreseeable future. The Whistler Project is a gold-copper exploration project located in the Yentna Mining District, approximately 150 km northwest of Anchorage, Alaska. We may also in the future evaluate and acquire additional interests in gold and gold-copper projects in the Americas. We were incorporated on June 30, 2015 in Alaska as “BRI Alaska Corp.” On September 8, 2022, we redomiciled to Nevada and changed our name to “U.S. GoldMining Inc.” We are a subsidiary of GoldMining, a company organized under the laws of Canada. GoldMining is a public mineral exploration company that was incorporated in 2009 and is focused on the acquisition and development of gold assets in the Americas. Our principal executive offices are located at 1030 West Georgia Street, Suite 1830, Vancouver, British Columbia, Canada V6E 2Y3 and our head operating offices are located at 301 Calista Court, Suite 200, Office 203, Anchorage, Alaska. U.S. GoldMining Inc. (USGO) is classified as a micro-cap stock in the Materials sector, specifically within the Precious Metals industry. The company is led by CEO Tim Smith. With a market capitalization of $161M, USGO is one of the notable companies in the Materials sector.

U.S. GoldMining Inc. (USGO) Stock Rating — Reduce (April 2026)

As of April 2026, U.S. GoldMining Inc. receives a Reduce rating with a composite score of 36.4/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.USGO ranks #3,335 out of 4,446 stocks in our coverage universe. Within the Materials sector, U.S. GoldMining Inc. ranks #240 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

USGO Stock Price and 52-Week Range

U.S. GoldMining Inc. (USGO) currently trades at $12.32. The stock lost $0.02 (0.2%) in the most recent trading session. The 52-week high for USGO is $17.98, which means the stock is currently trading -31.5% from its annual peak. The 52-week low is $7.42, putting the stock 66.0% above its annual trough. Recent trading volume was 23K shares, suggesting relatively thin trading activity.

Is USGO Overvalued or Undervalued? — Valuation Analysis

U.S. GoldMining Inc. (USGO) carries a value factor score of 29/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 20.94x, versus the sector average of 2.83x.

At current multiples, U.S. GoldMining Inc. trades at a premium to most Materials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

U.S. GoldMining Inc. Profitability — ROE, Margins, and Quality Score

U.S. GoldMining Inc. (USGO) earns a quality factor score of 18/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -123.0%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -110.8% versus the sector average of 0.6%.

Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

USGO Debt, Balance Sheet, and Financial Health

U.S. GoldMining Inc. has a debt-to-equity ratio of 11.0%, compared to the Materials sector average of 41.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 13.57x, indicating strong short-term liquidity. Total debt on the balance sheet is $0. Cash and equivalents stand at $3M.

USGO has a beta of 0.85, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for U.S. GoldMining Inc. is 42/100, reflecting average volatility within the normal range for its sector.

U.S. GoldMining Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, U.S. GoldMining Inc. reported revenue of $0 and earnings per share (EPS) of $-0.55. Net income for the quarter was $-9M. Operating income came in at $-10M.

In FY 2025, U.S. GoldMining Inc. reported revenue of $0 and earnings per share (EPS) of $-0.55. Net income for the quarter was $-7M. Operating income came in at $-7M.

In Q3 2025, U.S. GoldMining Inc. reported revenue of $0 and earnings per share (EPS) of $-0.22. Net income for the quarter was $-3M. Operating income came in at $-3M.

In Q2 2025, U.S. GoldMining Inc. reported revenue of $0 and earnings per share (EPS) of $-0.07. Net income for the quarter was $-905,020. Operating income came in at $-926,884.

Over the past 8 quarters, U.S. GoldMining Inc. has experienced revenue contraction from $0 to $0. Investors analyzing USGO stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

USGO Dividend Yield and Income Analysis

U.S. GoldMining Inc. (USGO) does not currently pay a dividend. This is common among smaller companies in the Precious Metals industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

USGO Momentum and Technical Analysis Profile

U.S. GoldMining Inc. (USGO) has a momentum factor score of 55/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 63/100 reflects moderate short selling activity.

USGO vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, U.S. GoldMining Inc. (USGO) ranks #240 out of 284 stocks based on the Blank Capital composite score. This places USGO in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing USGO against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full USGO vs S&P 500 (SPY) comparison to assess how U.S. GoldMining Inc. stacks up against the broader market across all factor dimensions.

USGO Next Earnings Date

No upcoming earnings date has been announced for U.S. GoldMining Inc. (USGO) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy USGO? — Investment Thesis Summary

The quantitative profile for U.S. GoldMining Inc. suggests caution. The quality score of 18/100 flags below-average profitability. The value score of 29/100 indicates premium valuation.

In summary, U.S. GoldMining Inc. (USGO) earns a Reduce rating with a composite score of 36.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on USGO stock.

Related Resources for USGO Investors

Explore more research and tools: USGO vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare USGO head-to-head with peers: USGO vs CF, USGO vs NTR, USGO vs UAN.

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