HC Wainwright Lowers GoldMining (NYSEAMERICAN:GLDG) Price Target to $3.25

GoldMining (NYSEAMERICAN:GLDG) had its target price cut by HC Wainwright from $5.50 to $3.25 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

GoldMining Price Performance

Shares of GLDG stock opened at $0.80 on Friday. The firm has a market cap of $156.74 million, a P/E ratio of -8.00 and a beta of 1.07. GoldMining has a 12 month low of $0.75 and a 12 month high of $1.06.

Hedge Funds Weigh In On GoldMining

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of GoldMining during the third quarter worth $32,000. Total Wealth Planning & Management Inc. purchased a new stake in GoldMining in the fourth quarter valued at $35,000. Jacobi Capital Management LLC purchased a new stake in GoldMining in the fourth quarter valued at $40,000. JPMorgan Chase & Co. purchased a new stake in GoldMining in the third quarter valued at $42,000. Finally, SageView Advisory Group LLC purchased a new stake in GoldMining in the third quarter valued at $76,000. 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.