GoldMining (NYSEAMERICAN:GLDG – Free Report) had its price target cut by HC Wainwright from $3.75 to $2.75 in a research note released on Friday, MarketBeat Ratings reports. They currently have a buy rating on the stock.
GoldMining Price Performance
GLDG opened at $0.84 on Friday. The company has a market cap of $180.26 million, a price-to-earnings ratio of -10.50 and a beta of 1.20. GoldMining has a 52-week low of $0.75 and a 52-week high of $2.27. The firm’s fifty day simple moving average is $0.99 and its two-hundred day simple moving average is $1.27.
Institutional Investors Weigh In On GoldMining
Several institutional investors have recently bought and sold shares of the company. Pacific Excel Wealth Advisors Inc. acquired a new stake in GoldMining in the 2nd quarter worth about $27,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of GoldMining during the first quarter valued at approximately $69,000. Renaissance Technologies LLC lifted its position in shares of GoldMining by 572.7% in the first quarter. Renaissance Technologies LLC now owns 3,894,861 shares of the company’s stock valued at $4,635,000 after acquiring an additional 3,315,830 shares in the last quarter. XTX Topco Ltd lifted its position in shares of GoldMining by 196.9% in the fourth quarter. XTX Topco Ltd now owns 330,803 shares of the company’s stock valued at $414,000 after acquiring an additional 219,392 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of GoldMining in the fourth quarter worth approximately $44,000. 11.25% of the stock is currently owned by institutional investors and hedge funds.
GoldMining Company Profile
GoldMining Inc is a Canada-based mineral exploration and development company focused on the acquisition and advancement of precious metal projects in the Americas. Publicly traded on the NYSE American under the symbol GLDG, the company targets high-quality gold assets with the potential for significant resource expansion. GoldMining seeks to identify projects at various stages, from early exploration to advanced development, and apply systematic drilling and metallurgical testing to enhance their economic prospects.
The company’s portfolio encompasses a diversified suite of properties across North and South America.
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