HC Wainwright Reiterates Buy Rating for GoldMining (NYSEAMERICAN:GLDG)

HC Wainwright reiterated their buy rating on shares of GoldMining (NYSEAMERICAN:GLDG) in a research note released on Tuesday morning,Benzinga reports. HC Wainwright currently has a $3.25 price objective on the stock. HC Wainwright also issued estimates for GoldMining’s FY2026 earnings at ($0.10) EPS.

GoldMining Price Performance

NYSEAMERICAN:GLDG opened at $0.83 on Tuesday. GoldMining has a fifty-two week low of $0.71 and a fifty-two week high of $1.06. The company has a market cap of $163.19 million, a P/E ratio of -8.33 and a beta of 1.07.

Hedge Funds Weigh In On GoldMining

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in GoldMining during the third quarter worth about $32,000. Total Wealth Planning & Management Inc. acquired a new position in shares of GoldMining in the fourth quarter valued at approximately $35,000. Jacobi Capital Management LLC purchased a new stake in GoldMining during the 4th quarter worth approximately $40,000. JPMorgan Chase & Co. purchased a new stake in GoldMining during the 3rd quarter worth approximately $42,000. Finally, Sprott Inc. boosted its position in GoldMining by 270.9% in the 4th quarter. Sprott Inc. now owns 333,778 shares of the company’s stock valued at $269,000 after buying an additional 243,778 shares during the period. Institutional investors and hedge funds own 11.25% of the company’s stock.

About GoldMining

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.