GoldMining (NYSEAMERICAN:GLDG) Shares Down 2.6% - What's Next?

GoldMining Inc. (NYSEAMERICAN:GLDG - Get Free Report) shares traded down 2.6% on Tuesday . The stock traded as low as $0.74 and last traded at $0.74. 414,616 shares traded hands during trading, a decline of 27% from the average session volume of 566,386 shares. The stock had previously closed at $0.76.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a "buy" rating and issued a $3.25 price objective on shares of GoldMining in a research note on Tuesday, April 15th.

GoldMining Stock Performance

The firm has a market cap of $142.65 million, a P/E ratio of -7.24 and a beta of 0.96. The firm has a fifty day simple moving average of $0.77.

Hedge Funds Weigh In On GoldMining

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jacobi Capital Management LLC acquired a new position in GoldMining in the fourth quarter valued at approximately $40,000. Total Wealth Planning & Management Inc. bought a new stake in shares of GoldMining in the 4th quarter valued at $35,000. Goldman Sachs Group Inc. lifted its position in shares of GoldMining by 114.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 317,008 shares of the company's stock valued at $269,000 after acquiring an additional 169,200 shares during the period. Jane Street Group LLC bought a new position in GoldMining during the first quarter worth $77,000. Finally, Baader Bank Aktiengesellschaft bought a new position in GoldMining during the first quarter worth $82,000. Institutional investors and hedge funds 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.