Jacobi Capital Management LLC bought a new stake in GoldMining Inc. (NYSEAMERICAN:GLDG – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $40,000.
Other large investors have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in GoldMining in the third quarter valued at $32,000. JPMorgan Chase & Co. acquired a new position in GoldMining in the third quarter valued at $42,000. SageView Advisory Group LLC acquired a new position in GoldMining in the third quarter valued at $76,000. Sprott Inc. boosted its stake in GoldMining by 270.9% in the fourth quarter. Sprott Inc. now owns 333,778 shares of the company’s stock valued at $269,000 after acquiring an additional 243,778 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in GoldMining by 0.8% in the third quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company’s stock valued at $8,968,000 after acquiring an additional 74,318 shares in the last quarter. Hedge funds and other institutional investors own 11.25% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright decreased their price objective on shares of GoldMining from $5.50 to $3.25 and set a “buy” rating for the company in a research note on Friday.
GoldMining Price Performance
Shares of GLDG opened at $0.82 on Tuesday. GoldMining Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $1.06. The stock has a market cap of $160.66 million, a PE ratio of -8.20 and a beta of 1.07.
GoldMining 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.
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