GoldMining (NYSEAMERICAN:GLDG) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of GoldMining (NYSEAMERICAN:GLDG) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks.com reports.

Separately, HC Wainwright decreased their target price on GoldMining from $3.75 to $2.75 and set a “buy” rating for the company in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, GoldMining has an average rating of “Hold” and an average price target of $2.77.

GoldMining Trading Down 4.4%

GLDG opened at $0.83 on Monday. The company has a fifty day moving average price of $0.95 and a two-hundred day moving average price of $1.25. GoldMining has a 1-year low of $0.76 and a 1-year high of $2.27. The company has a market cap of $179.14 million, a P/E ratio of -10.42 and a beta of 1.20.

Institutional Trading of GoldMining

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacific Excel Wealth Advisors Inc. bought a new position in shares of GoldMining in the second quarter valued at $27,000. Financial Security Advisor Inc. increased its position in shares of GoldMining by 40.8% during the fourth quarter. Financial Security Advisor Inc. now owns 27,935 shares of the company’s stock worth $35,000 after acquiring an additional 8,100 shares in the last quarter. Themes Management Co LLC acquired a new stake in shares of GoldMining in the 4th quarter worth about $42,000. Quadrature Capital Ltd bought a new position in GoldMining in the 4th quarter valued at about $44,000. Finally, Sigma Planning Corp acquired a new position in GoldMining during the 4th quarter valued at about $47,000. Institutional investors own 11.25% of the company’s stock.

About GoldMining

GoldMining Inc is a Canada-based mineral exploration and development company focused on the acquisition and advancement of precious metal projects in the Americas. Publicly traded on the NYSE American under the symbol GLDG, the company targets high-quality gold assets with the potential for significant resource expansion. GoldMining seeks to identify projects at various stages, from early exploration to advanced development, and apply systematic drilling and metallurgical testing to enhance their economic prospects.

The company’s portfolio encompasses a diversified suite of properties across North and South America.