GoldMining Inc. (NYSEAMERICAN:GLDG - Get Free Report) dropped 1.7% during trading on Wednesday . The stock traded as low as $0.93 and last traded at $0.94. Approximately 562,866 shares changed hands during trading, an increase of 12% from the average daily volume of 501,277 shares. The stock had previously closed at $0.96.
Analyst Ratings Changes
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $5.25 price objective on shares of GoldMining in a research note on Friday, August 30th.
View Our Latest Stock Analysis on GLDG
GoldMining Stock Performance
The firm has a market capitalization of $177.47 million, a P/E ratio of -9.43 and a beta of 1.09.
GoldMining (NYSEAMERICAN:GLDG - Get Free Report) last issued its earnings results on Friday, July 12th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). On average, equities analysts predict that GoldMining Inc. will post -0.08 earnings per share for the current year.
Institutional Trading of GoldMining
A hedge fund recently raised its stake in GoldMining stock. Van ECK Associates Corp lifted its holdings in shares of GoldMining Inc. (NYSEAMERICAN:GLDG - Free Report) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,553,990 shares of the company's stock after purchasing an additional 137,972 shares during the quarter. Van ECK Associates Corp owned 5.16% of GoldMining worth $8,360,000 at the end of the most recent quarter. Institutional investors own 11.25% of the company's stock.
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.
Featured Stories
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
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
