GoldMining (NYSEAMERICAN:GLDG – Get Free Report) had its price target cut by investment analysts at HC Wainwright from $3.75 to $2.75 in a research note issued on Friday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price target suggests a potential upside of 227.38% from the stock’s current price.
GoldMining Trading Up 2.6%
Shares of GoldMining stock opened at $0.84 on Friday. The company has a 50 day moving average of $0.99 and a 200-day moving average of $1.27. GoldMining has a 1-year low of $0.75 and a 1-year high of $2.27. The company has a market cap of $180.26 million, a PE ratio of -10.50 and a beta of 1.20.
Institutional Investors Weigh In On GoldMining
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacific Excel Wealth Advisors Inc. bought a new position in shares of GoldMining in the 2nd quarter valued at $27,000. Financial Security Advisor Inc. lifted its position in shares of GoldMining by 40.8% during the 4th quarter. Financial Security Advisor Inc. now owns 27,935 shares of the company’s stock worth $35,000 after buying an additional 8,100 shares during the last quarter. Themes Management Co LLC bought a new stake in shares of GoldMining during the 4th quarter worth $42,000. Quadrature Capital Ltd acquired a new stake in GoldMining in the fourth quarter valued at about $44,000. Finally, Sigma Planning Corp acquired a new stake in GoldMining in the fourth quarter valued at about $47,000. 11.25% of the stock is currently owned by institutional investors.
GoldMining Company Profile
GoldMining Inc is a Canada-based mineral exploration and development company focused on the acquisition and advancement of precious metal projects in the Americas. Publicly traded on the NYSE American under the symbol GLDG, the company targets high-quality gold assets with the potential for significant resource expansion. GoldMining seeks to identify projects at various stages, from early exploration to advanced development, and apply systematic drilling and metallurgical testing to enhance their economic prospects.
The company’s portfolio encompasses a diversified suite of properties across North and South America.
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