Van ECK Associates Corp lifted its position in shares of GoldMining Inc. (NYSEAMERICAN:GLDG – Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,240,333 shares of the company’s stock after acquiring an additional 86,964 shares during the period. Van ECK Associates Corp owned 4.74% of GoldMining worth $7,438,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SageView Advisory Group LLC purchased a new stake in GoldMining during the third quarter valued at about $76,000. JPMorgan Chase & Co. purchased a new stake in GoldMining during the third quarter valued at about $42,000. Virtu Financial LLC purchased a new stake in GoldMining during the third quarter valued at about $32,000. Finally, Grimes & Company Inc. purchased a new stake in GoldMining during the third quarter valued at about $32,000. Institutional investors own 11.25% of the company’s stock.
Analysts Set New Price Targets
Separately, HC Wainwright increased their price target on shares of GoldMining from $5.25 to $5.50 and gave the stock a “buy” rating in a research report on Thursday, December 5th.
GoldMining Price Performance
Shares of GLDG stock opened at $0.81 on Tuesday. The firm has a market capitalization of $156.99 million, a P/E ratio of -8.06 and a beta of 1.07. GoldMining Inc. has a one year low of $0.75 and a one year high of $1.06.
GoldMining Company 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.
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