GoldMining Inc. (NYSEAMERICAN:GLDG – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,960,000 shares, a decrease of 6.7% from the August 15th total of 2,100,000 shares. Based on an average daily volume of 461,700 shares, the short-interest ratio is presently 4.2 days. Currently, 1.1% of the company’s stock are short sold.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a “buy” rating and set a $5.25 price objective on shares of GoldMining in a report on Friday, August 30th.
Read Our Latest Stock Report on GLDG
Institutional Inflows and Outflows
GoldMining Stock Performance
Shares of GLDG stock opened at $0.99 on Thursday. The firm has a market capitalization of $187.01 million, a PE ratio of -9.91 and a beta of 1.09. GoldMining has a 12 month low of $0.75 and a 12 month high of $1.08.
GoldMining (NYSEAMERICAN:GLDG – Get Free Report) last issued its quarterly earnings results on Friday, July 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Analysts anticipate that GoldMining will post -0.08 earnings per share for the current fiscal 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.
Featured Stories
- Five stocks we like better than GoldMining
- The 3 Best Retail Stocks to Shop for in August
- How Much Can You Make in Stocks in One Month?
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- This Is the Top Large-Cap Stock Insiders Are Buying
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Receive News & Ratings for GoldMining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoldMining and related companies with MarketBeat.com's FREE daily email newsletter.