Critical Comparison: U.S. GoldMining (NASDAQ:USGO) versus Athena Gold (OTCMKTS:AHNR)

U.S. GoldMining (NASDAQ:USGO) and Athena Gold (OTCMKTS:AHNR) are both small-cap basic materials companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, valuation, institutional ownership, analyst recommendations, dividends, earnings and profitability.

Earnings & Valuation

This table compares U.S. GoldMining and Athena Gold”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
U.S. GoldMining	N/A	N/A	-$8.48 million	($0.71)	-11.10
Athena Gold	N/A	N/A	-$640,000.00	N/A	N/A

Profitability

This table compares U.S. GoldMining and Athena Gold’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
U.S. GoldMining	N/A	-154.22%	-134.61%
Athena Gold	N/A	-3.19%	-2.82%

Analyst Ratings

This is a breakdown of recent ratings for U.S. GoldMining and Athena Gold, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
U.S. GoldMining	0	0	1	0	3.00
Athena Gold	0	0	0	0	0.00

U.S. GoldMining currently has a consensus price target of $26.50, suggesting a potential upside of 236.29%. Given U.S. GoldMining’s stronger consensus rating and higher possible upside, analysts plainly believe U.S. GoldMining is more favorable than Athena Gold.

Institutional and Insider Ownership

0.5% of U.S. GoldMining shares are held by institutional investors. Comparatively, 35.9% of Athena Gold shares are held by institutional investors. 2.5% of U.S. GoldMining shares are held by insiders. Comparatively, 10.4% of Athena Gold shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Risk & Volatility

U.S. GoldMining has a beta of 1.96, meaning that its share price is 96% more volatile than the S&P 500. Comparatively, Athena Gold has a beta of -0.97, meaning that its share price is 197% less volatile than the S&P 500.

Summary

Athena Gold beats U.S. GoldMining on 5 of the 9 factors compared between the two stocks.

About U.S. GoldMining

U.S. GoldMining Inc., an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska. The company was incorporated in 2015 and is based in Vancouver, Canada. U.S. GoldMining Inc. operates as a subsidiary of GoldMining Inc.

About Athena Gold

Athena Gold Corporation, an exploration stage company, engages in the acquisition and exploration of mineral resources in the United States. It explores for gold, molybdenum, and copper deposits. The company's flagship property is the Excelsior Springs project comprising 191 unpatented claims and 2 patented mining claims located in Walker Lane, Nevada. It also owns 100% interest in the Crow Springs project, which consists of eleven unpatented mining claims located in Esmeralda County, Nevada. Athena Gold Corporation was formerly known as Athena Silver Corporation and changed its name to Athena Gold Corporation in January 2021. The company was incorporated in 2003 and is based in Vacaville, California.