GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Down 6.7% in August

Posted by Jeff Wilder on Sep 18th, 2024

GoldMining Inc. (NYSEAMERICAN:GLDG – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 1,960,000 shares, a decrease of 6.7% from the August 15th total of 2,100,000 shares. Based on an average trading volume of 461,700 shares, the days-to-cover ratio is presently 4.2 days. Currently, 1.1% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $5.25 target price on shares of GoldMining in a research report on Friday, August 30th.

Check Out Our Latest Analysis on GLDG

Institutional Investors Weigh In On GoldMining

An institutional investor recently raised its position in GoldMining stock. Renaissance Technologies LLC raised its holdings in GoldMining Inc. (NYSEAMERICAN:GLDG – Free Report) by 1,564.0% in the 2nd quarter, according to its most recent 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 0.15% of GoldMining worth $260,000 at the end of the most recent reporting period. 11.25% of the stock is owned by institutional investors.

GoldMining Stock Down 0.9 %

Shares of GLDG traded down $0.01 during trading hours on Wednesday, reaching $1.00. The company had a trading volume of 31,604 shares, compared to its average volume of 483,035. The company has a market capitalization of $189.05 million, a PE ratio of -10.05 and a beta of 1.09. GoldMining has a 12-month low of $0.75 and a 12-month high of $1.08.

GoldMining (NYSEAMERICAN:GLDG – Get Free Report) last released its quarterly earnings data on Friday, July 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). On average, research analysts anticipate that GoldMining will post -0.08 EPS for the current year.

GoldMining Company Profile

(Get Free Report)

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.