GoldMining Inc. (NYSEAMERICAN:GLDG) Sees Large Growth in Short Interest

GoldMining Inc. (NYSEAMERICAN:GLDG) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 2,010,000 shares, a growth of 5.2% from the November 30th total of 1,910,000 shares. Based on an average daily trading volume, of 687,600 shares, the short-interest ratio is presently 2.9 days. Approximately 1.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On GoldMining

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in GoldMining by 1,564.0% in the 2nd quarter. Renaissance Technologies LLC now owns 291,200 shares of the company’s stock valued at $260,000 after buying an additional 273,700 shares during the period. SageView Advisory Group LLC acquired a new stake in shares of GoldMining in the third quarter worth approximately $76,000. Van ECK Associates Corp grew its holdings in GoldMining by 0.8% in the third quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company’s stock valued at $8,968,000 after purchasing an additional 74,318 shares during the period. JPMorgan Chase & Co. acquired a new position in GoldMining during the third quarter worth approximately $42,000. Finally, Virtu Financial LLC purchased a new position in GoldMining during the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 11.25% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright increased their price target on shares of GoldMining from $5.25 to $5.50 and gave the company a “buy” rating in a research report on Thursday, December 5th.

GoldMining Stock Up 3.5 %

GoldMining stock opened at $0.83 on Friday. GoldMining has a fifty-two week low of $0.75 and a fifty-two week high of $1.06. The firm has a market cap of $162.15 million, a price-to-earnings ratio of -8.33 and a beta of 1.06.

GoldMining (NYSEAMERICAN:GLDG) last posted its quarterly earnings data on Friday, October 11th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). On average, research analysts anticipate that GoldMining will post -0.09 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.