에 대한 최신 뉴스 SoundHound AI (NASDAQ:SOUN) 주식

SoundHound AI

SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.

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SOUN

시장의 변동성이 두드러지게 나타난 올해, 중소형주가 놀라운 성과를 내고 있다는 사실이 많은 주목을 받고 있다. 벤징가(Benzinga)가 10월에 개최할 SmallCAP 컨퍼런스에 대한 기대감이 커지는 가운데, 러셀 2000 지수에 포함된 세 가지 성공적인 소형주를 현명한 투자자들에게 소개하고자 한다.

소형주 급등: 2024년에 투자자의 재산을 두 배로 불리는 러셀 2000 지수의 3주식

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목요일 미국 주요 지수는 다우존스 산업평균지수가 1.8% 가까이 오른 39,446.49에, S&amp;P 500 지수가 2.3% 급등한 5,319.31에, 나스닥 지수가 2.9% 가까이 오른 16,660.02에 마감했다.

목요일 주요 5주식: 팔란티어, 사운드하운드 AI, 유니티 소프트웨어, 트레이드 데스크, 테슬라

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사운드하운드 AI(NASDAQ:SOUN)는 목요일 시장 마감 후 2분기 재무 결과를 발표했다. 보고서 요약은 다음과 같다. 2분기 실적: 사운드하운드 AI는 2분기 매출을 1,350만 달러로 보고했는데, 이는 합의 추정치인 1,308만 3천 달러를 뛰어넘는 수치이다. 이 회사는 주당 4센트의 조정 손실을 보고했는데, 이는 분석가의 주당 9센트 손실 추정치를 뛰어넘는 수치이다.

사운드하운드 AI: 예상보다 나은 2분기 실적 및 연간 지침 상향 조정에도 주가는 하락

SoundHound AI, Inc. - Class A Common Stock

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SOUNDWILL HLDGS LTD NEW by Soundwill Holdings Ltd.

Soundwill Holdings Ltd

JP Morgan analyst Samik Chatterjee maintains Sensata Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) with a Underweight and lowers the price target from $35 to $34.

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JP Morgan Maintains Underweight on Sensata Technologies, Lowers Price Target to $34

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U.S. Military Says It Conducted Strikes On 15 Houthi Targets In Houthi-Controlled Areas Of Yemen On Friday

White House Advisor Brainard Says We Don't Expect To See Any Effects On Our Economy Or For Consumers, Businesses And Farmers

Boeing Union Says Negotiations Will Resume October 7 With Assistance From Federal Mediator

JP Morgan analyst Andrea Teixeira maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Overweight and lowers the price target from $307 to $293.

JP Morgan Maintains Overweight on Constellation Brands, Lowers Price Target to $293

The National Football League is shopping some of its media assets and Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) could be a winner thanks to its <a href="https://www.benzinga.com/general/entertainment/24/09/40754610/paramount-to-be-controlled-by-worlds-sixth-richest-man-larry-ellison-how-helping-his-son-la">pending merger with Skydance Media.</a>
What Happened: The National Football League&#8217;s <a href="https://www.benzinga.com/general/sports-betting/24/05/38909548/2024-nfl-schedule-unpacked-media-partners-win-taylor-swift-tour-dates-considered-new-betti" target="_blank" rel="noopener">media partners,</a> including Paramount's CBS broadcast network and Paramount+ streaming platform, have benefited from strong viewership in recent years.
The NFL is in talks with Skydance Media and RedBird Capital Partners, who is an investor in Skydance, over the league's media assets, according to a report from <a href="https://www.bloomberg.com/news/articles/2024-10-03/nfl-is-in-talks-with-ellison-s-skydance-redbird-about-deals?sref=TBDibEcD">Bloomberg</a>.
The talks include the sale of NFL Media and the NFL Network cable channel, and could also include an acquisition of the league's interest in Skydance Sports by Paramount Global, Bloomberg reports. Skydance Sports is a joint venture between the NFL and Skydance.  
The NFL invested $45 million in Skydance Sports in 2022 and has partnered with the media company on "Hard Knocks" and other content. Skydance Sports is also producing an upcoming documentary series on Dallas Cowboys owner Jerry Jones.
RedBird is also a partner with the NFL on EverPass Media, which helps the league distribute NFL Sunday Ticket to bars and restaurants.
Why It's Important: Paramount's partnership with the NFL includes a change of control provision that could allow the NFL to look for another media partner if the company sees its control change hands, which Paramount investors could closely watch.
Paramount&#8217;s discussions with the NFL regarding NFL Media assets and potentially the Skydance Sports rights could show an early sign of cooperation between the league and media company despite the provision.
Paramount currently pays over $2 billion annually to the NFL. While the NFL likely won't shop for a new partner, it could look to get more out of Paramount and Skydance with the latest talks, a potential win-win.
The report said talks between the NFL and ESPN, a unit of The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), have stalled.
ESPN was previously in talks with the NFL about acquiring the NFL Media assets, including the NFL Network and NFL RedZone. Reports said the league wanted an ownership stake in ESPN, but it is unclear if that led to talks stalling.
NFL viewership<a href="https://www.benzinga.com/general/sports-betting/24/09/41056777/nfl-week-4-betting-odds-national-tv-games-will-daniel-jones-stay-winless-on-thursdays-how-"> has been strong</a> in the 2024 season, with an average of 17.9 million viewers per game <a href="https://frontofficesports.com/nfl-ratings-surge-in-september-with-chiefs-in-four-of-top-five-games/">through </a>the first four weeks of the season, up 4% year-over-year. The viewership marks the best start to the NFL season since 2015.
With strong viewership for NFL games, Paramount would likely jump at the opportunity to get more content if the price is right.
PARA Price Action: Paramount stock trades at $10.46 versus a 52-week trading range of $9.54 to $17.50. Paramount stock is down 28% year-to-date in 2024.
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</ul>
Photo: Shutterstock

Entertainment

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PARA

PARAA

Could Paramount Gain Additional NFL Content Through Skydance Merger? New Report Indicates ESPN Talks Stalled

<a href="https://www.cnbc.com/2024/10/04/trump-jamie-dimon-endorsement-jpmorgan.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToTwitter" title="https://www.cnbc.com/2024/10/04/trump-jamie-dimon-endorsement-jpmorgan.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToTwitter">https://www.cnbc.com/2024/10/04/trump-jamie-dimon-endorsement-jpmorgan.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToTwitter</a>

'Jamie Dimon denies Trump's claim that JPMorgan CEO has endorsed him' -CNBC Report

JP Morgan analyst Anupam Rama maintains Nuvalent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUVL#NASDAQ">NUVL</a>) with a Overweight and raises the price target from $100 to $125.

NUVL

JP Morgan Maintains Overweight on Nuvalent, Raises Price Target to $125

FangDD Shares Halted On Circuit Breaker To Downside; Down 18%

JP Morgan analyst Jeremy Tonet maintains DT Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTM#NYSE">DTM</a>) with a Neutral and raises the price target from $78 to $83.

JP Morgan Maintains Neutral on DT Midstream, Raises Price Target to $83

Thursday, The FDA determined the shortage of Eli Lilly And Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) tirzepatide injection, a glucagon-like peptide 1 (GLP-1) medication, has been resolved.
Tirzepatide injection, branded as Mounjaro and Zepbound, has been in shortage since 2022 due to increased demand.
The U.S. health regulator <a target="_blank" href="https://www.fda.gov/drugs/drug-safety-and-availability/fda-clarifies-policies-compounders-national-glp-1-supply-begins-stabilize" rel="noreferrer noopener">reminded</a> compounders of the legal restrictions on making copies of FDA-approved drugs.
The FDA noted that Novo Nordisk A/S&#8216; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) semaglutide (Wegovy, Ozempic) is still in shortage.
Despite semaglutide being the active ingredient in Hims &amp; Hers Health Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) compounded GLP-1 product, a Truist analyst notes that the recent FDA commentary has reignited investor concerns about the long-term viability of compounded GLP-1 treatments once <a target="_blank" href="https://www.benzinga.com/news/24/10/41164688/hims-hers-health-stock-is-tumbling-thursday-heres-why" rel="noreferrer noopener">the supply shortage ends</a>.
Truist&#8217;s consumer survey reveals that approximately 10% of consumers currently use compounded GLP-1 medications, while 14% are on branded versions.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40944130/hims-hers-to-offer-access-to-compounded-diabetes-and-weight-loss-drugs-for-just-99month-to-certain-p" rel="noreferrer noopener">Hims &amp; Hers To Offer Access To Compounded Diabetes And Weight Loss Drugs For Just $99/Month To Certain Professional Personnel</a>.
Many people opting for compounded GLP-1s cite lower costs as the main reason, while others note that their primary care physicians are hesitant to prescribe the branded versions.
Hims &amp; Hers Health&#8217;s assertion that demand for its weight loss service could remain strong, even after supply shortages ease, as long as the company operates within compounding regulations and respects branded drug patents.
Based on third-quarter card data analysis, the analyst notes that Hims &amp; Hers Health&#8217;s Q3 2024 revenue is expected to exceed the company&#8217;s guidance range of $375 million to $380 million by approximately $5 million to $10 million.
The analyst also highlights that Hims &amp; Hers Health&#8217;s average transaction price was up 14% sequentially at $126.9 vs. ~$111 in the second quarter of 2024. Net orders for 3Q24 increased 3% sequentially from 2Q24.
Truist maintains a Hold rating for Hims &amp; Hers Health with a <a target="_blank" href="https://www.benzinga.com/quote/HIMS/analyst-ratings" rel="noreferrer noopener">price target of $23</a>.
Price Action: HIMS stock is up 0.18% at $17.16 at the last check Friday.
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</ul>
Photo by Vidmir Rais via Pixabay

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Biotech

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Hims & Hers Health, Inc. Class A Common Stock

HIMS

Hims & Hers Health Asserts Demand For Its Compounded Weight Loss Offering To Continue Despite Resolved Supply Shortages

Offerings

FangDD Announces $5M Registered Direct Offering Of 3.125M Shares At $1.60/Share

RBC Capital analyst Tom Narayan downgrades Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) from Outperform to Sector Perform, lowering the<a target="_blank" href="https://www.benzinga.com/quote/STLA/analyst-ratings" rel="noreferrer noopener"> price forecast for the Paris-listed stock to 13 euros ($14.25) from 17 euros.</a>
The analyst notes that if the company can resolve its inventory issues without sacrificing prices, margins could rebound to double digits, which would be competitive with Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) or General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>).
Stellantis&#8217; U.S. dealer inventories improved in September, decreasing to 90 days from 94 in August and 109 in July, with a goal of reaching the mid-70s by year-end.
Also Read:<a target="_blank" href="https://www.benzinga.com/news/24/10/41184066/stellantis-recalls-more-than-129k-ram-1500-trucks" rel="noreferrer noopener"> Stellantis Recalls More Than 129K Ram 1500 Trucks</a>
A concern for investors is that pricing may need to decrease in the second half of the year if production cuts prove insufficient, Narayan notes.
If the company reduces its inventory by 200K, it could balance out the overcapacity from 2023, leading to a 200K increase in volumes for 2025. The return of the Dodge Charger in the U.S., after selling about 100K in 2023, could add another 50-100K in sales.
The analyst has revised earnings before interest and taxes (EBIT) margin estimates for the second half of the year to 2.8%, down from 9.1%, and reduced the 2024 EBIT margin forecast to 6.6% from 9.5%.
For 2025, the analyst no longer assumes the 2.8% second-half 2024 run-rate and now forecasts EBIT margins at 6.5%, down from 9.5%.
The analyst, however, remains optimistic about the stock&#8217;s long-term potential, citing its limited exposure to China, strong positioning in Europe regarding CO2, and a solid product lineup in the U.S.
However, as mentioned in the RBC Elements analysis, Narayan specifically cautioned that downward pricing pressure is likely, which could further impact already revised FY25 estimates. The analyst moves to the sidelines for now.
Price Action: STLA shares are trading higher by 1.83% to $13.32 on the NYSE at last check Friday.
Photo via Shutterstock
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Downgrades

STLA

Stellantis In Hot Water: Analyst Downgrades Stock Due To Downward Pricing Pressure And Inventory Issues

JP Morgan analyst Matthew Boss maintains Abercrombie &amp; Fitch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) with a Overweight and raises the price target from $194 to $195.

JP Morgan Maintains Overweight on Abercrombie & Fitch, Raises Price Target to $195

President Biden Says Sanctions On Iran Are Under Consideration Right Now

<a href="https://www.youtube.com/watch?v=CUAqm66ifq4" title="https://www.youtube.com/watch?v=CUAqm66ifq4">https://www.youtube.com/watch?v=CUAqm66ifq4</a>

Macro Notification

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Biden Says Israelis Have Not Concluded What They Are Going To Do About Iran's Strike; I Would Think About Other Alternatives To Striking Oil Fields; Netanyahu Should Remember That No Administration Has Helped Israel More; U.S. And Israeli Teams Are Constantly In Contact; They Are Not Going To Make Decision Immediately, Will Wait To See When They Want To Talk

The energy sector is experiencing a sharp rebound following a significant escalation in Middle Eastern tensions after Iran launched a missile attack on Israel on October 1. While the immediate physical damage was minimal, the geopolitical consequences have been substantial, as fears of further conflict and disruptions to global crude oil supplies have escalated. With Iran being an essential oil supplier through the Strait of Hormuz, any prolonged conflict in the region could have severe consequences for global energy markets.
<h2>Oil Surges in Response to Conflict in the Middle East</h2>
In response to these tensions, oil prices surged. WTI crude oil rose by 2.44%, closing at $69.83 per barrel, while Brent crude saw a 2.6% increase, settling at $73.56 per barrel. These price hikes reflect growing concerns that further conflict in the Middle East could disrupt oil supplies, mainly if retaliatory strikes target Iranian oil infrastructure.&nbsp;
The energy sector followed suit, with the Energy Select Sector SPDR Fund surging 4.08% for the week as it broke out of a recent downtrend and pushed above its critical moving averages. This newfound momentum has positioned energy stocks as attractive plays for investors looking to capitalize on the rising oil prices.
With oil prices and energy stocks gaining momentum, now may be an opportune time to gain exposure to the sector. Here are three energy stocks that have demonstrated strong relative strength amid this week&#39;s surge in oil prices.
<h2>Technical Breakout Positions Exxon Mobil as a Top Energy Stock</h2>
Exxon Mobil (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>), the largest oil company in the U.S. and the largest holding in the XLE ETF, boasts a market capitalization of $479 billion. The stock rose an impressive 5.8% this week, breaking out of a prolonged consolidation phase. It is now just 1.8% away from its 52-week high.
As one of the biggest beneficiaries of rising oil prices, Exxon Mobil can see significant revenue growth if crude supply is disrupted, primarily through its extensive upstream business, which relies heavily on oil production.
Exxon Mobil&#39;s vast global footprint also hedges against regional supply risks, allowing the company to maintain production levels despite geopolitical instability. With a 3.13% dividend yield, Exxon Mobil provides income-oriented investors with a reliable payout while offering upside from rising oil prices. From a technical perspective, the recent breakout above consolidation levels signals a bullish trend, making it a compelling option for investors seeking exposure to the energy sector.
<h2>Hess Corporation Rallies 6%, Leveraging Geographic Diversification</h2>
Hess Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>), though smaller than ExxonMobil with a market capitalization of $43 billion, has been one of the best-performing energy stocks this week, surging over 6% since the escalation in Middle Eastern tensions.
The company operates in two segments: Exploration and Production and Midstream, focusing on crude oil, natural gas liquids (NGLs), and natural gas production.
Unlike some competitors, Hess is less exposed to the Middle East, with its critical operations in the U.S., Guyana, and the Gulf of Mexico. This geographic diversification helps insulate Hess from the immediate geopolitical risks in the region, allowing the company to benefit from rising oil prices without the same level of supply disruption risk.
<h2>XLE ETF Signals Bullish Trend, Providing Diversified Energy Exposure</h2>
The XLE ETF&nbsp;is a top choice for investors seeking broad exposure to the energy sector. The ETF, which tracks the performance of the Energy Select Sector Index, includes holdings in some of the largest U.S.-listed energy companies, such as ExxonMobil, Chevron, and ConocoPhillips. The XLE is up 8.2% year-to-date and broke through a critical resistance level at $90 earlier this week, signaling a bullish trend.
With a 3.55% dividend yield and a low expense ratio of 0.09%, XLE provides investors with an attractive income stream while offering diversification across the energy sector. The ETF&#39;s holdings cover various energy sub-industries, including oil, gas, and energy equipment and services. This makes it a more diversified way to gain exposure to the sector than individual stock picking.&nbsp;
Analysts currently have a Moderate Buy rating on the ETF, with a consensus price target suggesting a 16.29% upside. This makes XLE a compelling option for investors looking for broad energy exposure while minimizing the risks of investing in individual stocks.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/energy-sector-rebound-3-stocks-poised-for-strong-gains/">Energy Sector Rebound: 3 Stocks Poised for Strong Gains</a>&quot; first appeared on MarketBeat.

Large Cap

Sector ETFs

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Energy Sector Rebound: 3 Stocks Poised for Strong Gains

<a href="https://www.youtube.com/watch?v=CUAqm66ifq4">LIVE: White House press secretary Karine Jean-Pierre holds a briefing with reporters — 10/4/2024</a>

President Biden Says Israelis Have Not Concluded What They Are Going To Do About Iran's Strike; Says I Would Think About Other Alternatives To Striking Oil Fields; Says Netanyahu Should Remember That No Administration Has Helped Israel More

Jefferies analyst Chris LaFemina maintains Wheaton Precious Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPM#NYSE">WPM</a>) with a Buy and raises the price target from $67 to $77.

Jefferies Maintains Buy on Wheaton Precious Metals, Raises Price Target to $77

Source: <a href="https://www.streetwisereports.com/article/2024/10/02/new-drill-results-from-alaska-project-positive.html?utm_medium=feed">Streetwise Reports 10/02/2024</a>
They confirmed continuity of high-grade core in one deposit and presence of two mineralization types in a second. Read on to learn why junior mining companies are an attractive investment right now.
US GoldMining Inc.&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/usgo#NASDAQ">USGO</a>) initial two holes of its 2024 drill season completed at its Whistler gold-copper project in Alaska returned positive results, noted a news release.
At Whistler this year, the company began drilling on June 27 at the Raintree West deposit then moved in early July to the Whistler deposit. The program covered 4,005 meters (4,005m) in all and was finished on budget and ahead of schedule.
One of the two newly reported holes, WH23-03, extended known high-grade mineralization in the Whistler deposit. This effort was a re-entry as the first drilling attempt last year had to be abandoned at 600.2m downhole due to a winter freeze. Last year&#39;s drilling, however, did include a previously reported intercept of 547m of 1.06 grams per ton gold equivalent (1.06 g/t Au eq). Then, it was the longest intercept of high-grade consistent mineralization reported to date at the project.
During this year&#39;s program, drilling extended this very intercept by more than 100m, taking it to 652.5m of 1 g/t Au eq. Broken down by metal, it consists of 0.73 g/t gold (Au), 1.5 g/t silver (Ag), and 0.16% copper (Cu).
WH23-03 also encountered several higher-grade zones, including:
<ul>
<li>176m of 1.55 g/t Au eq from 131m downhole</li>
<li>57m of 1.36 g/t Au eq from 575m downhole</li>
</ul>
Also, recent drilling of WH23-03 extended the high-grade mineralized core to a depth of 874.5m.
The total envelope of porphyry-style mineralization at the Whistler deposit, now extending from surface down to a depth of 716.6m, consists of 0.93 g/t Au eq, or 0.68 g/t Au, 0.15% Cu and 1.4 g/t Ag. Beyond this point is &quot;barren country rock peripheral to the porphyry mineral system&quot; the release explained. Mineralization extends to surface and remains open at depth.
The second newly reported hole of 2024, WH24-01, U.S. GoldMining drilled into the area of the open pit shell for the Raintree West deposit, constrained by the mineral resource estimate. This hole confirmed the presence of two types of mineralization.
One was broad gold-copper-silver porphyry-style mineralization. It was shown in this highlight intercept: 61.4m of 0.53 g/t Au eq from 311m downhole, including 41m of 0.61 g/t Au eq from 321m downhole.
Narrow, vein-style gold-silver-base metal mineralization was the second type. Specifically, the hole returned 4m of 0.78 g/t Au, 171.6 g/t Ag, 1.19% lead and 2.53% zinc, from 249m downhole.
Raintree remains open along strike and to depth. The company plans to do more drilling there to delineate the full extent of mineralization.
<h2>Unlocking Value in an Emerging District</h2>
Headquartered in British Columbia, US GoldMining is a mining explorer-developer that went public on the NASDAQ in April 2023 and raised US$20 million (US$20M) to be used on advancing and unlocking value at its 100%-owned Whistler project, the company&#39;s sole focus currently.
About 170 kilometers northwest of Anchorage, Ala., Whistler is in the emerging West Susitna mining district that offers multiple avenues for growth, according to the company&#39;s September 2024 Corporate Presentation. Spanning 217.5 square kilometers, the large undeveloped project features a number of gold-copper porphyry deposits and exploration targets.
&quot;Porphyry clusters in the [Whistler-Raintree] area contain the potential to yield additional mineralized intrusive centers&quot; H.C. Wainwright &amp; Co. Analyst Heiko Ihle wrote in a September 5 research report.
Whistler&#39;s existing mineral resource encompasses three gold-copper porphyry deposits: Whistler, Raintree West and Island Mountain. It stands at 3,000,000 ounces (3 Moz) of Au eq in the Indicated category and 6.5 Moz of Au eq in the Inferred category, according to the company&#39;s website.
&quot;The firm may encounter additional high-grade mineralization below the current estimate, which should ultimately improve the project&#39;s economic viability&quot; added Ihle.
Along with an exploration permit, US GoldMining has the necessary infrastructure, including a build-out camp and a nearby airstrip, for year-round exploration, the company said. The state of Alaska plans to build an access road to the project via its Roads to Resources program, construction of which could begin next year.
The Canadian junior is led by an experienced team with a proven track record in exploration and development (E&amp;D) of significant gold projects. Chief Executive Officer Tim Smith, for instance, formerly as vice president of exploration at Kaminak Gold Corp., led discovery of the Coffee gold deposit in the Yukon. He has also been involved in E&amp;D in Australia and Canada for junior, midtier, and major mining companies, including Newmont Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>).
Ihle pointed out that U.S. GoldMining remains proactively engaged with its stakeholders and the relationships built through these efforts should prove beneficial when applying for permits in the future. The company, for instance, established a sustainability committee, responsible for &quot;sustainability and environmental, social and governmental, including environmental and climate risks and opportunities, human rights and human capital management, community and social impact, and diversity and inclusion&quot; according to the charter.
<h2>Gold: Outperforming, Setting Records</h2>
The gold sector continues to heat up, experts say.
&quot;Gold is setting records&quot; according to a Sept. 24 Seeking Alpha article. &quot; It is outperforming stocks. And pretty much everything else.&quot;
Year to date, gold up is 27.1%. In comparison, the return with the Standard &amp; Poor&#39;s 500 is 20.8% during the same period. Also, the NASDAQ is up 21.7% and the Dow, 11.6%. Gold has even exceeded its 25% gain during the COVID-19 pandemic. As it stands now, it is on track this year for its best return since 2010, and &quot;this gold bull still has plenty of legs.&quot;
Driving the demand are U.S. Federal Reserve policy, high interest for gold in Asian and Middle Eastern markets, de-dollarization and central bank buying of the metal.
Based on its charts, gold is about to &quot;go into vertical meltup mode&quot; once it breaks above roughly US$2,800 per ounce (US$2,800/oz), Technical Analyst Clive Maund wrote in a Sept. 26 report on clivemaund. He indicated the ascent will likely start &quot;as a steep but fairly orderly uptrend that accelerates in stages over time until it ends up in a wild speculative melee with the price going &#39;limit up&#39; successively or equivalent, as much as market conditions and rules at the time permit.&quot;
Therefore, he added, &quot;the gains in all gold-related investments at this time should be spectacular.&quot;
Gold equities specifically offer an &quot;incredible opportunity&quot; currently, wrote Frank Holmes in a Sept. 26 Investing.com article, because they are not trading at levels reflecting the continuing rise of the yellow metal&#39;s price.
&quot;And since gold mining stocks have typically moved out of lockstep with the broader market&quot; added Holmes, &quot;they offer a level of diversification that I believe can help hedge portfolios against market downturns.&quot;
Major, midtier and junior mining companies &quot;all look ripe for a rebound in what is increasingly a risk-tolerant environment now that &#39;the punch bowl&#39; of monetary easing/lower interest rates is back on central banks&#39; agendas&quot; Ahead of the Herd&#39;s Richard Mills pointed out in the Sept. 28 issue. Yet, of the three types of companies, juniors offer the greatest leverage to increasing commodity prices and the highest potential return, he noted.
&quot;Investing early in the development cycle of the right gold junior, one that has an excellent project in a safe jurisdiction, led by experienced management with the ability to raise money, can reap huge rewards&mdash;five, 10, even 20 times your money isn&#39;t uncommon&quot; wrote Mills.
Looking ahead at the gold price, Goldman Sachs now forecasts it to be US$2,900/oz in early 2025, having just raised it from US$2,700/oz, reported Mint in a Sept. 30 article. Reasons the bank analysts gave were slowly rising exchange-traded funds flows with interest rate cuts in the West and in China, along with increased central bank buying.
Throughout 2025, other experts estimate the gold price will range from US$2,800&ndash;3,200/oz, according to a Sept. 25 Skilling article. Longer term, analysts predict it could reach US$6,800/oz by 2040, representing a 7.2% annual rate of return. Central bank policies, global economic trends and inflation will continue to affect the price.
<h2>The Catalysts: More Drill Results</h2>
Near-term catalyst for U.S. GoldMining, Ihle pointed out, include further assay results from the 2024 drill program, which the H.C. Wainwright analyst expects will be valuable.
Once the company completes drilling, investors should anticipate an updated mineral resource estimate.
Ihle has a Buy rating and a target price on U.S. GoldMining, the latter implying a potential return of 187%.
<h2>Ownership and Share Structure</h2>
According to Refinitiv, 11 strategic entities own 88.09%, or 10.92 million (10.92M) shares, of U.S. GoldMining. The Top 3 are parent company GoldMining Inc. with 79.67% or 9.88M shares, 1741 Holding AG with 3.7% or 0.46M shares, and Amir Adnani with 3.23% or 0.4M shares.
As for institutional ownership, 15 companies hold 4.27% or 0.53M shares. The Top 3 are Commodity Capital AG with 3.7% or 0.46M shares, Geode Capital Management LLC with 0.16% or 0.02M shares, and The Vanguard Group Inc. with 0.15% or 0.02M shares.
Retail investors own the remaining 7.65% or 88.55M shares.
Regarding capital structure, U.S. GoldMining has 12.4M shares outstanding and 1.48M free float traded shares.
Its market cap is US$101.67M. Its 52-week range is US$4.91&ndash;$9.34 per share.
Important Disclosures:
<ol>
<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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