JPMorgan Chase & Co. Makes New Investment in GoldMining Inc. (NYSEAMERICAN:GLDG)

JPMorgan Chase & Co. acquired a new stake in GoldMining Inc. (NYSEAMERICAN:GLDG) during the third quarter, according to its most recent filing with the SEC. The firm acquired 44,493 shares of the company’s stock, valued at approximately $42,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Grimes & Company Inc. acquired a new position in GoldMining in the third quarter valued at approximately $32,000. Virtu Financial LLC acquired a new position in shares of GoldMining in the 3rd quarter valued at $32,000. SageView Advisory Group LLC bought a new position in shares of GoldMining in the 3rd quarter worth $76,000. Renaissance Technologies LLC grew its stake in shares of GoldMining by 1,564.0% during the second 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. Finally, Van ECK Associates Corp increased 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 purchasing an additional 74,318 shares during the last quarter. 11.25% of the stock is owned by institutional investors and hedge funds.

GoldMining Trading Up 3.7 %

NYSEAMERICAN:GLDG opened at $0.80 on Wednesday. GoldMining Inc. has a twelve month low of $0.75 and a twelve month high of $1.06. The company has a market cap of $156.44 million, a price-to-earnings ratio of -8.03 and a beta of 1.07.

Analyst Ratings Changes

Separately, HC Wainwright increased their target price on shares of GoldMining from $5.25 to $5.50 and gave the stock a “buy” rating in a report on Thursday, December 5th.

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.