GoldMining (NYSEAMERICAN:GLDG – Free Report) had its target price reduced by HC Wainwright from $3.75 to $2.75 in a report published on Friday morning, Marketbeat reports. They currently have a buy rating on the stock.
GoldMining Price Performance
GoldMining stock opened at $0.84 on Friday. The stock has a market capitalization of $180.26 million, a P/E ratio of -10.50 and a beta of 1.20. The firm’s 50-day moving average is $0.99 and its two-hundred day moving average is $1.27. GoldMining has a 12-month low of $0.75 and a 12-month high of $2.27.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of GLDG. Pacific Excel Wealth Advisors Inc. bought a new stake in shares of GoldMining in the second quarter valued at about $27,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of GoldMining during the first quarter worth $69,000. Renaissance Technologies LLC raised its stake in GoldMining by 572.7% during the 1st quarter. Renaissance Technologies LLC now owns 3,894,861 shares of the company’s stock worth $4,635,000 after buying an additional 3,315,830 shares during the period. XTX Topco Ltd lifted its position in GoldMining by 196.9% in the 4th 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 GoldMining in the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 11.25% of the company’s stock.
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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