With over 4.71 million GoldMining Inc. (GLDG) shares trading Tuesday and a closing price of $1.20 on the day, the dollar volume was approximately $5.65 million. The shares have shown a negative half year performance of -4.00% and its price on 11/22/22 gained nearly 13.21%. Currently, there are 158.73M common shares owned by the public and among those 149.49M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for GLDG have a consensus price objective of $3.47. The analysts have set the share’s price value over the next 12 months at a high of $3.83 and a low of $3.11. But an upside of 68.67% will see the stock hit the forecast high price target while median target price for the stock is $3.47.
The top 3 mutual fund holders in GoldMining Inc. are VanEck Junior Gold Miners ETF, LF Ruffer Investment Funds – Gold, and ISATIS Investment – Global Natura. VanEck Junior Gold Miners ETF owns 6.95 million shares of the company’s stock, all valued at over $6.01 million. ISATIS Investment – Global Natura now owns shares totaling to 0.59% of the shares outstanding.
Shares of GoldMining Inc. (AMEX: GLDG) opened at $1.15, up $0.09 from a prior closing price of $1.06. However, the script later moved the day high at 1.2500, up 13.21%. The company’s stock has a 5-day price change of 31.87% and 23.86% over the past three months. GLDG shares are trading 0.00% year to date (YTD), with the 12-month market performance down to -18.92% lower. It has a 12-month low price of $0.76 and touched a high of $2.02 over the same period. GLDG has an average intraday trading volume of 562.70K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 33.69%, 36.91%, and 1.72% respectively.
Institutional ownership of GoldMining Inc. (AMEX: GLDG) shares accounts for 8.22% of the company’s 158.73M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $190.48M. The stock’s trailing 12-month PE ratio is 2.35, while the earnings-per-share (ttm) stands at $0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.53% over the week and 4.96% over the month.
Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”