U.S. GoldMining price target raised to $30.75 from $26.50 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on U.S. GoldMining (USGO) to $30.75 from $26.50 and keeps a Buy rating on the shares after the company released its preliminary economic assessment for the Whistler gold-copper project. Whistler is projected to produce 345,200 gold equivalent ounces annually during its first three years of operations, the analyst tells investors in a research note.