We recently published a list of Why These 15 Mining Stocks Are Skyrocketing So Far In 2025. In this article, we are going to take a look at where U.S. Goldmining Inc. (NASDAQ:USGO) stands against other mining stocks that are skyrocketing so far in 2025.
The mining sector has been solidly bullish so far this year and investors are scrambling to capitalize. The new tech-driven industrial revolution is requiring all sorts of metals and materials, and even gold has been surging due to it being a safe haven asset for those who aren’t so bullish about the broader market rally.
Plus, mining companies are integrating AI and automation to modernize operations. This could unlock $1.5 trillion in energy transition mineral revenue by 2024.
The stars seem to be aligning for gold producers, lithium explorers, copper miners, and many other companies linked with mining. It is worth looking deeper into these stocks, as some have solid upside potential as they expand operations.
Methodology
For this article, I screened the top-performing mining stocks year-to-date. Stocks that I have covered recently will be excluded from this list.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
Aerial view of the Yentna mining district in Alaska, emphasizing the vastness of the location.
U.S. Goldmining Inc. (NASDAQ:USGO)
Number of Hedge Fund Holders In Q3 2024: N/A
U.S. Goldmining Inc. (NASDAQ:USGO) is an exploration and development company that focuses on advancing its 100%-owned Whistler Gold-Copper Project in Alaska.
The stock is up sharply so far in 2025 after stellar 2024 drill results at Whistler. U.S. Goldmining (NASDAQ:USGO) intersected 458 meters at 0.75 g/t AuEq, including higher-grade zones of 48 meters at 1.23 g/t AuEq and 116 meters at 1.00 g/t AuEq at WH24-04. It also reported 120 meters at 1.00 g/t AuEq within a broader 274-meter mineralized envelope.
Plus, the updated MRE increased indicated resources by 117% to 6.48 million AuEq punches. Only 1% of USGO’s land package has been explored, so there’s still significant upside here.
The consensus price target of $26.5 implies 142.67% upside.
USGO stock is up 26.83% year-to-date.
Overall, USGO ranks 6th on our list of mining stocks that are skyrocketing so far in 2025. While we acknowledge the potential of USGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than USGO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
