U.S. GoldMining Inc. (USGO) AI Stock Analysis

• Market Cap: $123.44M
• Dividend Yield: N/A
• Average Volume (3M): 38.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: N/A
• EPS Growth: 37.18%
• Country: US
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.22
• Shares Outstanding: 13,273,195
• 10 Day Avg. Volume: 37,388
• 30 Day Avg. Volume: 38,690
• PEG Ratio: 1.35
• Price to Book (P/B): 24.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -13.48
• Enterprise Value/Market Cap: 1.30
• Enterprise Value/Revenue: 845.04
• Enterprise Value/Gross Profit: -1.09K
• Enterprise Value/Ebitda: -24.18
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.47
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $9.00 ▼(-7.12% Downside)

The score is held down primarily by weak financial performance (minimal revenue, large losses, and ongoing cash burn) and bearish technical positioning (below major moving averages with negative MACD). Positive corporate progress at the Whistler project and a low-leverage balance sheet provide some support, but not enough to outweigh profitability and funding risk.

Positive Factors

Project Advancement

The successful metallurgical test work with high gold recoveries enhances the viability of the Whistler Project, potentially increasing future development and monetization opportunities.

Regulatory Support

Being on the critical minerals list supports U.S. GoldMining's strategic positioning, potentially easing regulatory hurdles and enhancing project attractiveness to investors and partners.

Low Leverage

A low debt-to-equity ratio reduces financial risk, providing the company with greater flexibility to manage its capital structure and pursue strategic opportunities without significant debt burden.

Negative Factors

Cash Flow Weakness

Persistent negative cash flow indicates reliance on external funding, which can strain financial resources and limit the company's ability to sustain operations without additional capital raises.

Profitability Challenges

Ongoing large losses and negative margins highlight the company's struggle to achieve profitability, which can deter investment and limit growth potential without significant operational improvements.

Funding Risk

Dependence on external funding poses a risk to financial stability, as market conditions or investor sentiment shifts could impact the ability to secure necessary capital.

U.S. GoldMining Inc. Business Overview & Revenue Model

Company Description

U.S. GoldMining Inc., an exploration stage company, engages in the exploration and development of mineral properties in the United States. It holds interests in the Whistler project, a gold-copper exploration project covering 17,159 Ha located in the Yentna mining district, Alaska. The company was incorporated in 2015 and is based in Anchorage, Alaska. U.S. GoldMining Inc. operates as a subsidiary of GoldMining Inc.

How the Company Makes Money

U.S. GoldMining Inc. generates revenue primarily through the exploration and development of gold mining projects. Once a mining site is deemed viable, the company invests in the necessary infrastructure to extract and process the precious metals. Revenue is generated from the sale of gold and other extracted minerals to refineries and other buyers in the precious metals market. The company may also engage in joint ventures or partnerships with other mining companies to share the costs and profits from mineral extraction activities. Additionally, U.S. GoldMining Inc. may receive income from royalties or options agreements on their mining properties, providing additional streams of revenue.

U.S. GoldMining Inc. Financial Statement Overview

Summary

U.S. GoldMining Inc. faces significant financial challenges with no revenue and consistent financial losses. The balance sheet shows some liquidity strength, but the absence of operational cash inflows and persistent losses indicate a precarious financial state.

Income Statement

U.S. GoldMining Inc. reports no revenue across all periods, resulting in negative profitability metrics such as gross profit, EBIT, EBITDA, and net income. Without revenue, the company lacks positive growth and profitability, leading to a low income statement score.

Balance Sheet

The company's balance sheet shows a relatively low level of debt with a total debt of $387,000 against stockholders' equity of $113,759,000, resulting in a low debt-to-equity ratio. However, the company has negative equity in some periods, indicating financial instability. The high cash position is a positive aspect, providing liquidity.

Cash Flow

The cash flow statement reveals consistent negative free cash flow and operating cash flow, indicating cash burn without incoming cash from operations. Despite a positive financing cash flow, the overall cash flow situation reflects a weak operational cash position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	189.30K	0.00	0.00	0.00	0.00	0.00
Gross Profit	-146.81K	-143.80K	-52.01K	-19.25K	-17.62K	-108.60K
EBITDA	-6.62M	-8.34M	-9.30M	-1.72M	-679.70K	-486.41K
Net Income	-6.70M	-8.49M	-9.36M	-1.74M	-697.31K	-595.01K
Balance Sheet
Total Assets	4.71M	5.15M	13.02M	229.62K	439.79K	744.83K
Cash, Cash Equivalents and Short-Term Investments	3.29M	3.88M	11.40M	54.51K	5.63K	4.45K
Total Debt	94.02K	109.39K	135.35K	677.78K	494.48K	494.48K
Total Liabilities	860.81K	704.02K	811.04K	1.51M	704.12K	683.48K
Stockholders Equity	3.85M	4.45M	12.21M	-1.28M	-264.33K	61.35K
Cash Flow
Free Cash Flow	-4.94M	-7.92M	-10.41M	-1.32M	-636.12K	-427.89K
Operating Cash Flow	-4.94M	-7.75M	-9.43M	-1.32M	-636.12K	-427.89K
Investing Cash Flow	0.00	-171.84K	-979.52K	0.00	316.21K	0.00
Financing Cash Flow	4.65M	599.82K	21.84M	1.37M	321.09K	428.22K

U.S. GoldMining Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For USGO, the sentiment is Negative. The current price of 9.69 is above the 20-day moving average (MA) of 9.54, below the 50-day MA of 9.88, and below the 200-day MA of 9.83, indicating a bearish trend. The MACD of -0.23 indicates Negative momentum. The RSI at 45.28 is Neutral, neither overbought nor oversold. The STOCH value of 54.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for USGO.

U.S. GoldMining Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
IONR	58 Neutral	$376.32M	―	-4.25%	―	―	-10.45%
XPL	46 Neutral	$63.36M	-12.06	-20.21%	―	―	5.25%
USGO	45 Neutral	$123.44M	-17.43	-144.93%	―	―	37.18%
WWR	44 Neutral	$107.57M	-3.64	-14.20%	―	―	-80.01%

U.S. GoldMining Inc. Corporate Events

U.S. GoldMining Grants Stock Options to Executives

On December 16, 2025, U.S. GoldMining Inc.‘s board of directors approved stock option and restricted stock unit awards for key executives. CEO Tim Smith was granted options to purchase 17,000 shares and 2,500 restricted stock units, while CFO Tyler Wong received options for 7,500 shares and 1,000 restricted stock units. These awards, governed by the company’s long-term incentive plan, feature structured vesting schedules over a period of up to 18 months, reflecting the company’s commitment to aligning executive compensation with sustained performance and shareholder interests.

The most recent analyst rating on (USGO) stock is a Buy with a $26.50 price target. To see the full list of analyst forecasts on U.S. GoldMining Inc. stock, see the USGO Stock Forecast page.

U.S. GoldMining Inc. Updates ATM Offering Agreement

On December 12, 2025, U.S. GoldMining Inc. filed a prospectus supplement to increase the maximum number of shares of its common stock issuable under an existing At The Market Offering Agreement. On the same date, Laurentian Bank Securities Inc. and Roth Capital Partners, LLC were terminated as co-agents, while Ventum Financial Corp. and Stifel, Nicolaus & Company, Incorporated were added as new co-agents, potentially impacting the company’s market operations and stakeholder relations.

The most recent analyst rating on (USGO) stock is a Buy with a $26.50 price target. To see the full list of analyst forecasts on U.S. GoldMining Inc. stock, see the USGO Stock Forecast page.

U.S. GoldMining Advances Whistler Project in Alaska

On November 13, 2025, U.S. GoldMining Inc. announced progress in its Whistler Gold-Copper Project in Alaska, coinciding with the inclusion of copper and silver in the U.S. 2025 List of Critical Minerals. This development is significant as it supports the company’s ongoing preliminary economic assessment and exploration efforts, potentially enhancing its position in the mining-friendly jurisdiction of Alaska and reducing reliance on foreign imports.

The most recent analyst rating on (USGO) stock is a Buy with a $26.50 price target. To see the full list of analyst forecasts on U.S. GoldMining Inc. stock, see the USGO Stock Forecast page.

U.S. GoldMining Completes 2025 Exploration Program

On October 13, 2025, U.S. GoldMining Inc. announced the completion of its 2025 exploration program at the Whistler Gold-Copper Project in Alaska. The program, which included scout drilling and geochemical sampling, aimed to identify new drill targets and potential mineralization zones. The company highlighted the shallower than expected till overburden and the discovery of new porphyry intrusive rocks as positive indicators for future exploration. Additionally, U.S. GoldMining welcomed the U.S. Federal Government’s approval of the Ambler Road, which supports resource development in Alaska and could facilitate the development of infrastructure connecting the Whistler Project to transportation networks.

The most recent analyst rating on (USGO) stock is a Buy with a $26.50 price target. To see the full list of analyst forecasts on U.S. GoldMining Inc. stock, see the USGO Stock Forecast page.

U.S. GoldMining Inc. Files Foreign Issuer Report

On October 10, 2025, GoldMining Inc., the parent company of U.S. GoldMining Inc., filed a Report of Foreign Private Issuer with the U.S. Securities and Exchange Commission. This report included unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the periods ending August 31, 2025 and 2024. The company cautioned investors that these financial statements are preliminary, unaudited, and not prepared in accordance with U.S. generally accepted accounting principles, which may lead to future adjustments. The information is intended solely for GoldMining’s reporting requirements and may not be indicative of the company’s financial condition or future results.

The most recent analyst rating on (USGO) stock is a Buy with a $26.50 price target. To see the full list of analyst forecasts on U.S. GoldMining Inc. stock, see the USGO Stock Forecast page.