GoldMining Inc. (NYSEAMERICAN:GLDG - Get Free Report) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,190,000 shares, an increase of 9.0% from the December 15th total of 2,010,000 shares. Based on an average daily volume of 643,900 shares, the short-interest ratio is presently 3.4 days. Currently, 1.2% of the company's shares are short sold.
Analyst Upgrades and Downgrades
Separately, HC Wainwright boosted their target price on shares of GoldMining from $5.25 to $5.50 and gave the company a "buy" rating in a research report on Thursday, December 5th.
Read Our Latest Report on GoldMining
GoldMining Price Performance
GLDG traded up $0.01 on Friday, hitting $0.79. The company had a trading volume of 297,529 shares, compared to its average volume of 453,604. The firm has a market capitalization of $154.86 million, a PE ratio of -7.95 and a beta of 1.07. GoldMining has a 52-week low of $0.75 and a 52-week high of $1.06.
Hedge Funds Weigh In On GoldMining
Several large investors have recently made changes to their positions in GLDG. JPMorgan Chase & Co. bought a new stake in GoldMining during the 3rd quarter valued at about $42,000. Virtu Financial LLC bought a new position in GoldMining in the 3rd quarter valued at approximately $32,000. SageView Advisory Group LLC purchased a new stake in GoldMining during the 3rd quarter valued at $76,000. Van ECK Associates Corp boosted its stake in GoldMining by 0.8% during the 3rd 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. Finally, Grimes & Company Inc. bought a new stake in shares of GoldMining in the 3rd quarter worth $32,000. 11.25% of the stock is currently owned by hedge funds and other institutional investors.
About GoldMining
(
Get Free Report)
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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