GoldMining (NYSEAMERICAN:GLDG) Stock Price Expected to Rise, HC Wainwright Analyst Says

GoldMining (NYSEAMERICAN:GLDG) had its price objective upped by investment analysts at HC Wainwright from $5.25 to $5.50 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock.

GoldMining Stock Performance

Shares of GLDG stock opened at $0.86 on Thursday. The firm has a market cap of $167.64 million, a P/E ratio of -8.61 and a beta of 1.06. GoldMining has a twelve month low of $0.75 and a twelve month high of $1.08.

GoldMining (NYSEAMERICAN:GLDG) last released its quarterly earnings data on Friday, October 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Equities research analysts expect that GoldMining will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On GoldMining

A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its holdings in GoldMining by 0.8% in the third quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company’s stock valued at $8,968,000 after acquiring an additional 74,318 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of GoldMining by 1,564.0% in the 2nd quarter. Renaissance Technologies LLC now owns 291,200 shares of the company’s stock worth $260,000 after purchasing an additional 273,700 shares during the period. SageView Advisory Group LLC bought a new stake in shares of GoldMining in the 3rd quarter valued at $76,000. Virtu Financial LLC acquired a new stake in shares of GoldMining during the third quarter worth $32,000. Finally, Grimes & Company Inc. bought a new position in GoldMining during the third quarter worth $32,000. 11.25% of the stock is currently owned by institutional investors.

About GoldMining

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.