Sprott Inc. Boosts Holdings in GoldMining Inc. (NYSEAMERICAN:GLDG)

Sprott Inc. raised its position in GoldMining Inc. (NYSEAMERICAN:GLDG) by 270.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 333,778 shares of the company’s stock after acquiring an additional 243,778 shares during the period. Sprott Inc. owned approximately 0.17% of GoldMining worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GLDG. Van ECK Associates Corp grew its stake in shares of GoldMining by 1.0% during the fourth quarter. Van ECK Associates Corp now owns 9,240,333 shares of the company’s stock worth $7,438,000 after acquiring an additional 86,964 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in GoldMining in the 3rd quarter worth approximately $76,000. JPMorgan Chase & Co. acquired a new stake in GoldMining in the 3rd quarter worth approximately $42,000. Finally, Virtu Financial LLC purchased a new stake in GoldMining during the 3rd quarter worth approximately $32,000. 11.25% of the stock is owned by hedge funds and other institutional investors.

GoldMining Stock Up 0.3 %

Shares of GLDG opened at $0.79 on Thursday. The stock has a market cap of $154.39 million, a price-to-earnings ratio of -7.88 and a beta of 1.07. GoldMining Inc. has a one year low of $0.75 and a one year high of $1.06.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price target on shares of GoldMining from $5.25 to $5.50 and gave the stock a “buy” rating in a report on Thursday, December 5th.

GoldMining Company Profile

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, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.