Virtu Financial LLC Takes Position in GoldMining Inc. (NYSEAMERICAN:GLDG)

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

Other large investors also recently added to or reduced their stakes in the company. Grimes & Company Inc. acquired a new position in shares of GoldMining during the third quarter valued at approximately $32,000. SageView Advisory Group LLC purchased a new stake in shares of GoldMining during the third quarter worth approximately $76,000. Renaissance Technologies LLC raised its stake in GoldMining by 1,564.0% in the 2nd quarter. Renaissance Technologies LLC now owns 291,200 shares of the company’s stock valued at $260,000 after purchasing an additional 273,700 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in 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 in the last quarter. 11.25% of the stock is currently owned by institutional investors and hedge funds.

GoldMining Trading Up 5.0 %

Shares of GoldMining stock opened at $0.84 on Friday. The firm has a market capitalization of $163.53 million, a PE ratio of -8.40 and a beta of 1.06. GoldMining Inc. has a 52 week low of $0.75 and a 52 week high of $1.06.

GoldMining (NYSEAMERICAN:GLDG) last announced 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). Equities analysts forecast that GoldMining Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.