U.S. GoldMining Inc. Common stock (USGO)

FairStock Score: 14/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at U.S. GoldMining the way Graham taught: first ask whether there is a business with dependable earning power, then whether the price offers a margin of safety. Here I find no revenue, no profits, and a seven-employee exploration outfit. Its main asset is the Whistler gold-copper property in Alaska; that is an option on geology, not a proven annuity. In fiscal Q2 2026, the quarter ended 2026-06-30, it reported a net loss of $4.2 million and diluted EPS of -$0.36. Fiscal Q1 2026, ended 2026-03-31, lost $1.9 million, or -$0.14 per share; fiscal Q3 2025, ended 2025-09-30, lost $2.8 million, or -$0.22. Full-year losses were $7.0 million in FY2025, $8.5 million in FY2024, and $9.4 million in FY2023. Losses narrowed through FY2025, but there is still no revenue to value. The balance sheet shows low debt, with D/E of 0.01, and an Altman Z-Score of 77.55, both FairStock calculations, but trailing free cash flow is -$10.3 million and FCF yield is -12.0%. The company consumes cash. I see no durable competitive moat, no customer lock-in, and no pricing power. At the 2026-10-13 close of $6.07, FairStock shows P/B of 9.48, negative P/E of -6.98, ROE of -177.21%, ROCE of -100.96%, and a FairStock score of 14/100. The 52-week range is $5.83 to $17.98, so the price is near its low, but cheapness without earnings or cash flow is not value; it is speculation on future discovery. I would need proven resources, economic studies, and a clear funding path before calling this investment-grade.

In plain English: U.S. GoldMining is a small exploration company with a gold and copper project in Alaska. It has no sales and has lost money every year, so the business itself does not look strong yet. The stock trades near the bottom of its 52-week range, but compared with its limited financial record, the price looks expensive rather than cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-11-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer