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.
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