GoldMining (NYSEMKT:GLDG) Earns Buy Rating from Roth Capital

Roth Capital reaffirmed their buy rating on shares of GoldMining (NYSEMKT:GLDG – Get Rating) in a research report report published on Tuesday, PriceTargets.com reports.

Separately, HC Wainwright reaffirmed a buy rating and set a $6.50 price target on shares of GoldMining in a report on Tuesday, May 24th.

Shares of NYSEMKT GLDG opened at $1.02 on Tuesday. The stock has a 50-day simple moving average of $1.23 and a 200-day simple moving average of $1.44. The company has a market capitalization of $157.36 million, a PE ratio of 1.96 and a beta of 0.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of GLDG. Northstar Asset Management LLC acquired a new stake in shares of GoldMining during the 1st quarter valued at $25,000. Signaturefd LLC acquired a new stake in shares of GoldMining during the 4th quarter valued at $26,000. Citigroup Inc. acquired a new stake in shares of GoldMining during the 1st quarter valued at $74,000. Jane Street Group LLC acquired a new stake in shares of GoldMining in the 1st quarter valued at $77,000. Finally, Cibc World Market Inc. lifted its stake in shares of GoldMining by 37.3% in the 1st quarter. Cibc World Market Inc. now owns 48,716 shares of the company’s stock valued at $83,000 after purchasing an additional 13,241 shares during the last quarter. Hedge funds and other institutional investors own 8.02% of the company’s stock.

About GoldMining (Get Rating)

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, United States; and São Jorge Gold Project located in the State of Pará, northeastern Brazil.

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