GoldMining (NYSEMKT:GLDG) Rating Reiterated by Roth Capital

GoldMining (NYSEMKT:GLDGGet Rating)‘s stock had its “buy” rating reaffirmed by analysts at Roth Capital in a research note issued to investors on Tuesday, PriceTargets.com reports.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $6.50 price target on shares of GoldMining in a research report on Tuesday, May 24th.

NYSEMKT GLDG opened at $1.02 on Tuesday. The business’s 50-day simple moving average is $1.24 and its 200 day simple moving average is $1.45. The company has a market cap of $157.36 million, a PE ratio of 1.96 and a beta of 0.20.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLDG. Northstar Asset Management LLC acquired a new stake in shares of GoldMining in the 1st quarter valued at approximately $25,000. Signaturefd LLC acquired a new stake in shares of GoldMining in the 4th quarter valued at approximately $26,000. Citigroup Inc. bought a new stake in GoldMining in the 1st quarter valued at $74,000. Jane Street Group LLC bought a new stake in GoldMining in the 1st quarter valued at $77,000. Finally, Cibc World Market Inc. raised its stake in GoldMining by 37.3% in the 1st quarter. Cibc World Market Inc. now owns 48,716 shares of the company’s stock valued at $83,000 after acquiring an additional 13,241 shares during the period. 8.02% of the stock is owned by institutional investors.

About GoldMining (Get Rating)

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, United States; and São Jorge Gold Project located in the State of Pará, northeastern Brazil.

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