Ruffer LLP Decreases Holdings in GoldMining Inc. $GLDG

Ruffer LLP lowered its stake in GoldMining Inc. (NYSEAMERICAN:GLDG) by 55.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,996 shares of the company’s stock after selling 500,000 shares during the period. Ruffer LLP’s holdings in GoldMining were worth $491,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Simplicity Wealth LLC boosted its holdings in shares of GoldMining by 100.0% in the 2nd quarter. Simplicity Wealth LLC now owns 40,000 shares of the company’s stock worth $29,000 after purchasing an additional 20,000 shares during the period. Heritage Family Offices LLP bought a new stake in GoldMining in the third quarter worth $37,000. Jane Street Group LLC purchased a new position in GoldMining during the first quarter worth $77,000. Bank of America Corp DE lifted its holdings in shares of GoldMining by 58.3% in the 2nd quarter. Bank of America Corp DE now owns 129,204 shares of the company’s stock worth $93,000 after acquiring an additional 47,595 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of GoldMining by 114.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 317,008 shares of the company’s stock worth $269,000 after purchasing an additional 169,200 shares during the period. 11.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating and issued a $2.80 price objective on shares of GoldMining in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, GoldMining currently has an average rating of “Moderate Buy” and an average target price of $3.28.

GoldMining Price Performance

GLDG stock opened at $2.02 on Thursday. The company has a market capitalization of $425.07 million, a PE ratio of -40.40 and a beta of 1.14. GoldMining Inc. has a 12 month low of $0.71 and a 12 month high of $2.27. The firm’s 50-day moving average is $1.44 and its 200 day moving average is $1.24.

GoldMining Company Profile

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.