GoldMining (NYSEMKT:GLDG) Stock Price Up 3%

Shares of GoldMining Inc. (NYSEMKT:GLDGGet Rating) rose 3% during trading on Tuesday . The stock traded as high as $1.05 and last traded at $1.03. Approximately 527,177 shares traded hands during trading, an increase of 14% from the average daily volume of 464,362 shares. The stock had previously closed at $1.00.

Analyst Ratings Changes

GLDG has been the subject of several recent research reports. HC Wainwright reissued a “buy” rating and set a $6.50 target price on shares of GoldMining in a research note on Tuesday, May 24th. Roth Capital reissued a “buy” rating on shares of GoldMining in a research note on Tuesday, June 21st.

GoldMining Stock Performance

The stock has a market cap of $159.00 million, a price-to-earnings ratio of -25.75 and a beta of 0.58. The business’s 50 day moving average is $1.02 and its 200 day moving average is $1.36.

Institutional Trading of GoldMining

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hollencrest Capital Management boosted its position in shares of GoldMining by 31.6% in the second quarter. Hollencrest Capital Management now owns 100,000 shares of the company’s stock worth $96,000 after buying an additional 24,000 shares during the period. Virtu Financial LLC acquired a new stake in shares of GoldMining in the first quarter worth $235,000. Jane Street Group LLC acquired a new stake in GoldMining during the first quarter valued at $77,000. Goldman Sachs Group Inc. boosted its position in GoldMining by 65.7% during the first quarter. Goldman Sachs Group Inc. now owns 90,315 shares of the company’s stock valued at $154,000 after purchasing an additional 35,815 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in GoldMining by 765.4% during the first quarter. Renaissance Technologies LLC now owns 710,475 shares of the company’s stock valued at $1,214,000 after purchasing an additional 628,376 shares during the last quarter. Institutional investors and hedge funds 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.

Featured Stories

Receive News & Ratings for GoldMining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoldMining and related companies with MarketBeat.com's FREE daily email newsletter.