GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Update

GoldMining Inc. (NYSEAMERICAN:GLDG) 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.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GoldMining stock. Van ECK Associates Corp raised its position in GoldMining Inc. (NYSEAMERICAN:GLDG) by 1.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,553,990 shares of the company’s stock after acquiring an additional 137,972 shares during the quarter. Van ECK Associates Corp owned approximately 5.16% of GoldMining worth $8,360,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 11.25% of the company’s stock.

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) 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.