Virtu Financial LLC Buys New Shares in GoldMining Inc. (NYSEAMERICAN:GLDG)

Virtu Financial LLC purchased a new position in shares of GoldMining Inc. (NYSEAMERICAN:GLDG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,262 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds also recently bought and sold shares of GLDG. Grimes & Company Inc. acquired a new position in shares of GoldMining during the third quarter worth about $32,000. SageView Advisory Group LLC purchased a new position in GoldMining in the third quarter worth approximately $76,000. Renaissance Technologies LLC grew its holdings in GoldMining by 1,564.0% during the 2nd quarter. Renaissance Technologies LLC now owns 291,200 shares of the company’s stock worth $260,000 after acquiring an additional 273,700 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of GoldMining by 0.8% in the 3rd quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company’s stock valued at $8,968,000 after purchasing an additional 74,318 shares during the last quarter. Institutional investors and hedge funds own 11.25% of the company’s stock.

GoldMining Stock Up 5.0 %

Shares of NYSEAMERICAN GLDG opened at $0.84 on Friday. The stock has a market cap of $163.53 million, a price-to-earnings ratio of -8.40 and a beta of 1.06. GoldMining Inc. has a 1 year low of $0.75 and a 1 year high of $1.06.

GoldMining (NYSEAMERICAN:GLDG) last posted its earnings results on Friday, October 11th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). On average, equities research analysts expect that GoldMining Inc. will post -0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright lifted their price objective on shares of GoldMining from $5.25 to $5.50 and gave the stock a “buy” rating in a research report on Thursday, December 5th.

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.