Renaissance Technologies LLC Raises Holdings in GoldMining Inc. (NYSEAMERICAN:GLDG)

Renaissance Technologies LLC raised its holdings in GoldMining Inc. (NYSEAMERICAN:GLDG) by 1,564.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 291,200 shares of the company’s stock after purchasing an additional 273,700 shares during the quarter. Renaissance Technologies LLC owned 0.15% of GoldMining worth $260,000 as of its most recent SEC filing.

Separately, Van ECK Associates Corp boosted its position in shares of GoldMining by 1.5% during the 1st quarter. Van ECK Associates Corp now owns 9,553,990 shares of the company’s stock worth $8,360,000 after purchasing an additional 137,972 shares during the period. Institutional investors own 11.25% of the company’s stock.

GoldMining Stock Performance

NYSEAMERICAN:GLDG opened at $0.96 on Friday. GoldMining Inc. has a 12 month low of $0.75 and a 12 month high of $1.08. The firm has a market capitalization of $183.48 million, a P/E ratio of -9.61 and a beta of 1.10.

GoldMining (NYSEAMERICAN:GLDG) last posted its earnings results on Friday, July 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Analysts predict that GoldMining Inc. will post -0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and set a $5.25 target price on shares of GoldMining in a report on Friday, August 30th.

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.