GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Down 19.7% in December

by · The Cerbat Gem

GoldMining Inc. (NYSEAMERICAN:GLDG – Get Free Report) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,680,472 shares, a decline of 19.7% from the November 30th total of 2,092,921 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 2,432,889 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 2,432,889 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.8% of the company’s stock are short sold.

Institutional Trading of GoldMining

A number of institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP grew its stake in shares of GoldMining by 396.0% in the second quarter. Marshall Wace LLP now owns 464,140 shares of the company’s stock worth $334,000 after acquiring an additional 370,556 shares during the period. Bank of America Corp DE grew its position in GoldMining by 204.6% in the 3rd quarter. Bank of America Corp DE now owns 393,604 shares of the company’s stock worth $484,000 after purchasing an additional 264,400 shares during the period. Goldman Sachs Group Inc. raised its stake in GoldMining by 114.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 317,008 shares of the company’s stock valued at $269,000 after buying an additional 169,200 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of GoldMining during the 3rd quarter valued at $162,000. Finally, Cibc World Market Inc. boosted its stake in shares of GoldMining by 139.1% in the 3rd quarter. Cibc World Market Inc. now owns 169,680 shares of the company’s stock worth $207,000 after buying an additional 98,700 shares during the last quarter. Hedge funds and other institutional investors own 11.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on GLDG shares. HC Wainwright increased their price objective on shares of GoldMining from $3.25 to $3.75 and gave the company a “buy” rating in a research report on Monday, September 29th. Zacks Research downgraded shares of GoldMining from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, GoldMining has a consensus rating of “Moderate Buy” and an average target price of $3.75.

Get Our Latest Research Report on GLDG

GoldMining Stock Performance

Shares of NYSEAMERICAN:GLDG traded down $0.04 during midday trading on Wednesday, reaching $1.25. 1,983,660 shares of the company’s stock traded hands, compared to its average volume of 2,249,590. GoldMining has a one year low of $0.71 and a one year high of $1.80. The company has a market cap of $261.56 million, a price-to-earnings ratio of -25.00 and a beta of 1.13. The stock has a 50 day moving average of $1.35 and a 200 day moving average of $1.13.

About GoldMining

(Get Free Report)

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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