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
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
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.
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