GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Update

GoldMining Inc. (NYSEAMERICAN:GLDG) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,910,000 shares, a decrease of 5.9% from the November 15th total of 2,030,000 shares. Based on an average trading volume of 799,300 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.1% of the shares of the stock are sold short.

GoldMining Stock Down 2.1 %

GLDG traded down $0.02 on Tuesday, reaching $0.82. The stock had a trading volume of 290,050 shares, compared to its average volume of 539,166. The stock has a market cap of $160.12 million, a PE ratio of -8.40 and a beta of 1.06. GoldMining has a fifty-two week low of $0.75 and a fifty-two week high of $1.06.

GoldMining (NYSEAMERICAN:GLDG) last released its quarterly earnings data on Friday, October 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). On average, equities research analysts expect that GoldMining will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright raised their target price 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.

Hedge Funds Weigh In On GoldMining

Several large investors have recently modified their holdings of GLDG. Van ECK Associates Corp raised its position in shares of GoldMining by 0.8% during the third quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company’s stock worth $8,968,000 after acquiring an additional 74,318 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in GoldMining by 1,564.0% in the second quarter. Renaissance Technologies LLC now owns 291,200 shares of the company’s stock valued at $260,000 after acquiring an additional 273,700 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in GoldMining during the 3rd quarter valued at approximately $76,000. Virtu Financial LLC bought a new position in GoldMining during the 3rd quarter worth approximately $32,000. Finally, Grimes & Company Inc. acquired a new position in shares of GoldMining in the 3rd quarter worth approximately $32,000. Institutional investors own 11.25% of the company’s stock.

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.