GoldMining Inc. $GLDG Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its position in GoldMining Inc. (NYSEAMERICAN:GLDG) by 114.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 317,008 shares of the company’s stock after purchasing an additional 169,200 shares during the quarter. Goldman Sachs Group Inc. owned about 0.16% of GoldMining worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Baader Bank Aktiengesellschaft acquired a new stake in shares of GoldMining during the first quarter worth $82,000. 11.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of GoldMining from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, GoldMining currently has an average rating of “Moderate Buy” and an average price target of $3.25.

GoldMining Stock Up 5.2%

GoldMining stock opened at $1.21 on Monday. The stock has a market cap of $242.28 million, a price-to-earnings ratio of -13.44 and a beta of 0.95. GoldMining Inc. has a 12 month low of $0.71 and a 12 month high of $1.34. The business has a 50 day moving average price of $0.96 and a two-hundred day moving average price of $0.84.

GoldMining 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.