HC Wainwright Reaffirms Buy Rating for GoldMining (NYSEAMERICAN:GLDG)

GoldMining (NYSEAMERICAN:GLDG)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a report issued on Friday, Benzinga reports. They presently have a $5.25 price target on the stock.

GoldMining Stock Performance

GoldMining stock traded down $0.00 during trading hours on Friday, reaching $0.84. 115,447 shares of the stock were exchanged, compared to its average volume of 407,841. The company has a market cap of $158.47 million, a P/E ratio of -8.40 and a beta of 1.10. GoldMining has a 52-week low of $0.75 and a 52-week high of $1.08.

GoldMining (NYSEAMERICAN:GLDG) last announced its quarterly earnings results on Friday, July 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). As a group, equities analysts predict that GoldMining will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On GoldMining

An institutional investor recently raised its position in GoldMining stock. Renaissance Technologies LLC increased its stake in GoldMining Inc. (NYSEAMERICAN:GLDG) by 1,564.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 291,200 shares of the company’s stock after acquiring an additional 273,700 shares during the period. Renaissance Technologies LLC owned approximately 0.15% of GoldMining worth $260,000 as of its most recent SEC filing. 11.25% of the stock is owned by institutional investors.

About GoldMining

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.