GoldMining Inc. (NYSEAMERICAN:GLDG - Get Free Report)'s share price fell 0.9% during mid-day trading on Wednesday . The company traded as low as $0.81 and last traded at $0.82. 349,343 shares were traded during trading, a decline of 37% from the average session volume of 551,649 shares. The stock had previously closed at $0.83.
Analyst Upgrades and Downgrades
Separately, HC Wainwright cut their price objective on GoldMining from $5.50 to $3.25 and set a "buy" rating on the stock in a report on Friday, February 28th.
Check Out Our Latest Stock Report on GoldMining
GoldMining Stock Performance
The stock has a market capitalization of $160.72 million, a PE ratio of -8.20 and a beta of 1.07.
Hedge Funds Weigh In On GoldMining
Several large investors have recently made changes to their positions in GLDG. Virtu Financial LLC purchased a new stake in shares of GoldMining during the third quarter worth about $32,000. Total Wealth Planning & Management Inc. purchased a new stake in GoldMining during the 4th quarter worth approximately $35,000. Jacobi Capital Management LLC purchased a new stake in GoldMining during the 4th quarter worth approximately $40,000. JPMorgan Chase & Co. acquired a new position in shares of GoldMining during the third quarter valued at approximately $42,000. Finally, SageView Advisory Group LLC purchased a new position in shares of GoldMining in the third quarter valued at approximately $76,000. 11.25% of the stock is currently owned by institutional investors and hedge funds.
GoldMining Company Profile
(
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.
Further Reading
Before you consider GoldMining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GoldMining wasn't on the list.
While GoldMining currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
