GoldMining Inc. (NYSEAMERICAN:GLDG - Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 2,190,000 shares, a growth of 9.0% from the December 31st total of 2,010,000 shares. Approximately 1.2% of the company's stock are short sold. Based on an average daily volume of 643,900 shares, the days-to-cover ratio is currently 3.4 days.
Institutional Trading of GoldMining
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in GoldMining by 1.0% during the fourth quarter. Van ECK Associates Corp now owns 9,240,333 shares of the company's stock worth $7,438,000 after purchasing an additional 86,964 shares in the last quarter. Sprott Inc. increased its holdings in GoldMining by 270.9% in the 4th quarter. Sprott Inc. now owns 333,778 shares of the company's stock valued at $269,000 after purchasing an additional 243,778 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of GoldMining by 1,564.0% during the 2nd quarter. Renaissance Technologies LLC now owns 291,200 shares of the company's stock valued at $260,000 after buying an additional 273,700 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in GoldMining during the third quarter worth about $76,000. Finally, Jacobi Capital Management LLC bought a new stake in shares of GoldMining during the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 11.25% of the company's stock.
GoldMining Trading Up 2.0 %
Shares of NYSEAMERICAN GLDG traded up $0.02 during trading on Wednesday, reaching $0.82. The company had a trading volume of 395,581 shares, compared to its average volume of 349,425. GoldMining has a 12-month low of $0.75 and a 12-month high of $1.06. The stock has a market cap of $159.56 million, a P/E ratio of -8.19 and a beta of 1.07.
Wall Street Analyst Weigh In
Separately, HC Wainwright boosted their price objective on shares of GoldMining from $5.25 to $5.50 and gave the company a "buy" rating in a research note on Thursday, December 5th.
View Our Latest Stock Report on GLDG
GoldMining Company Profile
(
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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
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