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

GoldMining Inc. (NYSEAMERICAN:GLDG) was the recipient of a large decline in short interest in 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. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 2,432,889 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 2,432,889 shares, the short-interest ratio is presently 0.7 days. Approximately 0.8% of the company’s shares are sold short.

Hedge Funds Weigh In On GoldMining

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in shares of GoldMining by 114.5% in the first quarter. Goldman Sachs Group Inc. now owns 317,008 shares of the company’s stock worth $269,000 after buying an additional 169,200 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of GoldMining during the 1st quarter valued at about $77,000. Simplicity Wealth LLC raised its stake in shares of GoldMining by 100.0% in the 2nd quarter. Simplicity Wealth LLC now owns 40,000 shares of the company’s stock valued at $29,000 after acquiring an additional 20,000 shares in the last quarter. Marshall Wace LLP lifted its holdings in GoldMining by 396.0% in the 2nd quarter. Marshall Wace LLP now owns 464,140 shares of the company’s stock worth $334,000 after purchasing an additional 370,556 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in GoldMining by 58.3% during the second quarter. Bank of America Corp DE now owns 129,204 shares of the company’s stock worth $93,000 after purchasing an additional 47,595 shares during the period. 11.25% of the stock is owned by institutional investors and hedge funds.

GoldMining Stock Down 3.1%

NYSEAMERICAN GLDG opened at $1.25 on Friday. The stock has a market capitalization of $261.56 million, a PE ratio of -25.00 and a beta of 1.14. GoldMining has a 12-month low of $0.71 and a 12-month high of $1.80. The company has a 50 day moving average price of $1.35 and a two-hundred day moving average price of $1.13.

Wall Street Analysts Forecast Growth

GLDG has been the subject of several recent analyst reports. HC Wainwright raised their target price on shares of GoldMining from $3.25 to $3.75 and gave the stock a “buy” rating in a report on Monday, September 29th. Zacks Research downgraded shares of GoldMining from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.75.

GoldMining Company Profile

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.