U.S. GoldMining Issues Preliminary, Non-GAAP Financial Disclosure
Detailed price information for U.S. Goldmining Inc (USGO-Q) from The Globe and Mail including charting and trades.
Model output · Signal date 2026-10-16
U.S. Goldmining Inc. (USGO) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
▲ Bullish
Exact rating locked
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Top 35%
of 5184 stocks scored
Rank correlation · 90D
8.0%
Spearman, 307 dates
Market Cap
$78M
small-cap · #57 of 60 peers
Summary
U.S. Goldmining Inc. (USGO) stock forecast summary
Our AI ranks U.S. Goldmining Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
U.S. Goldmining Inc. is a small-cap company with a market capitalization of $78M. It ranks number 57 by market capitalization among the 60 Gold and Silver Ores issuers in our coverage with a current forecast. Its P/B Ratio of 8.93x is the highest of the 18 peers that report one.
For USGO, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 8.0%, measured on 307 forecast dates between 2023-07-14 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 23.0%, measured on 350 forecast dates between 2023-07-14 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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USGO price chart and AI forecast
Cross-section · 2026-10-16
How USGO ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
U.S. Goldmining Inc. (USGO) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Gold and Silver Ores peers listed below that report each metric.
Valuation & Market
| Metric | USGO | Rank |
|---|---|---|
| Market Cap | $78M | 57/60 |
| P/B Ratio | 8.93x | 1/18 |
| EPS | $-0.84 | – |
| Book Value/Share | $0.62 | – |
Profitability & Margins
| Metric | USGO | Rank |
|---|---|---|
| ROE | -125.6% | 29/31 |
| ROA | -117.2% | 29/30 |
| ROIC | -123.4% | 29/29 |
| Tax Rate | -0.0% | – |
Financial Health
| Metric | USGO | Rank |
|---|---|---|
| Current Ratio | 24.11x | 8/52 |
| Quick Ratio | 23.85x | 3/26 |
| D/E Ratio | 0.07x | 37/52 |
| Financial Leverage | 1.07x | 37/49 |
| Working Capital | $8M | 45/52 |
Cash Flow
| Metric | USGO | Rank |
|---|---|---|
| Operating Cash Flow | -$10M | 30/43 |
Income Statement
| Metric | USGO | Rank |
|---|---|---|
| Operating Income | -$11M | 25/33 |
| Net Income | -$11M | 23/35 |
Dividend & Shareholder Information
| Metric | USGO | Rank |
|---|---|---|
| Shares Outstanding | 14M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $8M | 87.4% of assets |
| Cash & Short-term Investments | $7M | 79.5% of assets |
| Inventory | $90K | 1.0% of assets |
| Total Liabilities | $620K | 6.6% of assets |
| Short-term Debt | $140K | 1.5% of assets |
Quarterly Financial Reports
USGO quarterly financials and insider trading
Industry Peers · Gold and Silver Ores
U.S. Goldmining Inc. (USGO) industry peers
Companies classified under the same SEC industry code as U.S. Goldmining Inc. (Gold and Silver Ores): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| USGO U.S. Goldmining Inc. | ▲ | $78M |
| NEM Newmont Corp /De/ | ▶ | $124.97B |
| AEM Agnico Eagle Mines Ltd | ▶ | $95.15B |
| WPM Wheaton Precious Metals Corp. | ▶ | $60.92B |
| FNV Franco Nevada Corp | ▶ | $46.99B |
| GFI Gold Fields Ltd | ▶ | $33.66B |
| KGC Kinross Gold Corp | ▼ | $28.82B |
| PAAS Pan American Silver Corp | ▶ | $18.65B |
| CDE Coeur Mining, Inc. | ▶ | $15.90B |
| AGI Alamos Gold Inc | ▼ | $13.49B |
| EQX Equinox Gold Corp. | ▶ | $12.97B |
| IAG Iamgold Corp | ▶ | $10.69B |
| EGO Eldorado Gold Corp /Fi | ▲ | $9.37B |
| AG First Majestic Silver Corp | ▲ | $7.85B |
| BTG B2gold Corp | ▶ | $7.12B |
| OR Or Royalties Inc. | ▶ | $6.65B |
| SKE Skeena Resources Ltd | ▶ | $3.82B |
| FSM Fortuna Mining Corp. | ▶ | $3.28B |
| NG Novagold Resources Inc | ▲ | $2.90B |
| TGB Trekor Metals Ltd | ▲ | $2.88B |
| SA Seabridge Gold Inc | ▶ | $2.80B |
| EXK Endeavour Silver Corp | ▲ | $2.43B |
| PPTA Perpetua Resources Corp. | ▲ | $2.40B |
| SVM Silvercorp Metals Inc | ▶ | $2.13B |
| SIND Sinda Ltd. | ▶ | $1.85B |
| SSMR Sunshine Silver Mining & Refining Co | ▼ | $1.66B |
| HYMC Hycroft Mining Holding Corp | ▶ | $1.60B |
| IAUX I-80 Gold Corp. | ▼ | $1.32B |
| GOLD Barrick Mining Corp | ▲ | $1.15B |
| SLSR Solaris Resources Inc. | ▶ | $1.14B |
| VZLA Vizsla Silver Corp. | ▲ | $1.13B |
| NEWP New Pacific Metals Corp | ▲ | $1.13B |
| ELE Elemental Royalty Corp | ▶ | $1.07B |
| CNL Collective Mining Ltd. | ▲ | $1.04B |
| HSLV Highlander Silver Corp. | ▲ | $1.02B |
| MUX Mcewen Inc. | ▲ | $996M |
| OGG Osisko Gold Group Inc. | ▶ | $814M |
| MTA Metalla Royalty & Streaming Ltd. | ▲ | $747M |
| GROY Gold Royalty Corp. | ▶ | $669M |
| NFGC New Found Gold Corp. | ▲ | $614M |
| CTGO Contango Silver & Gold Inc. | ▶ | $510M |
| NAK Northern Dynasty Minerals Ltd | ▲ | $495M |
| CMCL Caledonia Mining Corp Plc | ▶ | $454M |
| ITRG Integra Resources Corp. | ▲ | $442M |
| TMQ Trilogy Metals Inc. | ▶ | $428M |
| VGZ Vista Gold Corp | ▶ | $397M |
| IDR Idaho Strategic Resources, Inc. | ▲ | $345M |
| VOXR Vox Royalty Corp. | ▲ | $344M |
| URG Ur-Energy Inc | ▲ | $337M |
| TRX Trx Gold Corp | ▲ | $299M |
| SBMT Silver Bow Mining Corp. | ▶ | $217M |
| TII Titan Mining Corp | ▲ | $178M |
| GLDG Goldmining Inc. | ▶ | $172M |
| FTCO Fortitude Gold Corp | ▼ | $134M |
| PLG Platinum Group Metals Ltd | ▲ | $129M |
| NVA Nova Minerals Corp | ▲ | $120M |
| FURY Fury Gold Mines Ltd | ▲ | $96M |
| XPL Solitario Resources Corp. | ▲ | $49M |
| AUST Austin Gold Corp. | ▲ | $11M |
| NMEX Northern Minerals & Exploration Ltd. | ▼ | $7M |
Where USGO sits on the market map
Energy & Transportation · Gold and Silver Ores
News
U.S. Goldmining Inc. (USGO) stock news
GoldMining Inc. Updates U.S. Investors With October 14 Form 6-K Filing
GoldMining ( ) has shared an update. GoldMining Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission on October 14, 2026, furnishing unaudited condensed consolid ...
U.S. GoldMining Expands Pipeline of High-Priority Targets With 2026 Surface Exploration Program at its Whistler Gold-Copper Project, Alaska
U.S. GoldMining Inc. (NASDAQ: USGO) ("U.S. GoldMining" or the "Company") announces the completion of a surface exploration program (the "Program") ...
FAQ
U.S. Goldmining Inc. (USGO) stock forecast FAQ
What is the U.S. Goldmining Inc. (USGO) stock forecast?
Our AI ranks U.S. Goldmining Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are U.S. Goldmining Inc. stock predictions?
For USGO, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 8.0%, measured on 307 forecast dates between 2023-07-14 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 23.0%, measured on 350 forecast dates between 2023-07-14 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are U.S. Goldmining Inc. forecasts updated?
U.S. Goldmining Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are U.S. Goldmining Inc.'s industry peers?
60 issuers in our coverage, USGO included, share the SEC industry code Gold and Silver Ores. The largest are: Newmont Corp /De/ (NEM), Agnico Eagle Mines Ltd (AEM), Wheaton Precious Metals Corp. (WPM), Franco Nevada Corp (FNV), Gold Fields Ltd (GFI), Kinross Gold Corp (KGC).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.