GoldMining Inc. (NYSEAMERICAN:GLDG – Get Free Report) shares traded down 8% during mid-day trading on Friday . The company traded as low as $0.87 and last traded at $0.87. 598,066 shares traded hands during trading, an increase of 31% from the average session volume of 458,283 shares. The stock had previously closed at $0.95.
Analyst Ratings Changes
Separately, HC Wainwright upped their price target on shares of GoldMining from $4.50 to $5.25 and gave the stock a “buy” rating in a research report on Friday, May 31st.
Get Our Latest Stock Analysis on GoldMining
GoldMining Stock Performance
GoldMining (NYSEAMERICAN:GLDG – Get Free Report) last released its earnings results on Friday, April 12th. The company reported ($0.01) EPS for the quarter. On average, research analysts anticipate that GoldMining Inc. will post -0.08 EPS for the current year.
Institutional Trading of GoldMining
A hedge fund recently raised its stake in GoldMining stock. Sprott Inc. raised its position in shares of GoldMining Inc. (NYSEAMERICAN:GLDG – Free Report) by 94.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,500 shares of the company’s stock after buying an additional 40,000 shares during the quarter. Sprott Inc.’s holdings in GoldMining were worth $65,000 at the end of the most recent quarter. 11.25% of the stock is currently owned by institutional investors and hedge funds.
GoldMining Company Profile
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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