GoldMining (GLDG) to Release Quarterly Earnings on Friday

GoldMining (NYSEAMERICAN:GLDG) is expected to issue its results before the market opens on Friday, October 10th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

GoldMining Trading Up 15.5%

Shares of GLDG stock opened at $1.64 on Thursday. The firm has a market capitalization of $328.38 million, a price-to-earnings ratio of -18.22 and a beta of 1.01. GoldMining has a 12 month low of $0.71 and a 12 month high of $1.68. The business’s 50-day moving average price is $1.04 and its 200-day moving average price is $0.87.

Hedge Funds Weigh In On GoldMining

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of GoldMining in the 1st quarter valued at about $77,000. Bank of America Corp DE increased its position in GoldMining by 58.3% during the 2nd quarter. Bank of America Corp DE now owns 129,204 shares of the company’s stock worth $93,000 after purchasing an additional 47,595 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in GoldMining by 114.5% during the first quarter. Goldman Sachs Group Inc. now owns 317,008 shares of the company’s stock worth $269,000 after buying an additional 169,200 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of GoldMining by 396.0% during the 2nd quarter. Marshall Wace LLP now owns 464,140 shares of the company’s stock worth $334,000 after buying an additional 370,556 shares during the last quarter. 11.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on GLDG shares. HC Wainwright raised their target price on GoldMining from $3.25 to $3.75 and gave the stock a “buy” rating in a research note on Monday, September 29th. Zacks Research lowered GoldMining from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, GoldMining has a consensus rating of “Moderate Buy” and an average target price of $3.75.

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.