GoldMining (NYSEAMERICAN:GLDG) Upgraded to “Hold” at Zacks Research

GoldMining (NYSEAMERICAN:GLDG) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Several other research firms have also issued reports on GLDG. Ventum Financial raised shares of GoldMining to a “strong-buy” rating in a research report on Tuesday, September 1st. HC Wainwright lowered their price objective on GoldMining from $3.75 to $2.75 and set a “buy” rating on the stock in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $2.77.

GoldMining Stock Performance

NYSEAMERICAN:GLDG opened at $0.98 on Tuesday. The company has a 50-day moving average of $0.98 and a 200-day moving average of $1.10. GoldMining has a 52 week low of $0.80 and a 52 week high of $2.27. The company has a market capitalization of $210.44 million, a price-to-earnings ratio of -12.25 and a beta of 1.27.

Hedge Funds Weigh In On GoldMining

Several institutional investors have recently added to or reduced their stakes in GLDG. Pacific Excel Wealth Advisors Inc. bought a new stake in GoldMining during the second quarter worth about $27,000. Themes Management Co LLC acquired a new position in shares of GoldMining in the 4th quarter worth approximately $42,000. IPG Investment Advisors LLC grew its position in GoldMining by 182.5% during the 2nd quarter. IPG Investment Advisors LLC now owns 72,050 shares of the company’s stock worth $65,000 after acquiring an additional 46,550 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in GoldMining during the 1st quarter valued at $69,000. Finally, Prospera Financial Services Inc acquired a new stake in GoldMining during the 4th quarter valued at $125,000. 11.25% of the stock is owned by institutional investors.

GoldMining Company Profile

GoldMining Inc is a mineral exploration and development company focused on advancing a portfolio of gold projects in the Americas. The company does not operate producing mines; its activities center on acquiring, evaluating, exploring and developing mineral properties with potential for gold and other precious metals.

GoldMining’s portfolio includes the Yellowknife Gold Project in the Northwest Territories, Canada, along with projects in the United States, Mexico, Colombia, Brazil and other jurisdictions in the Americas.