Notable Reporting: Could Goldfield Corp Skyrocket Even More? The Stock Just Made 52-Week High

Notable Reporting: Could Goldfield Corp Skyrocket Even More? The Stock Just Made 52 Week High

The stock of Goldfield Corp (NYSEMKT:GV) hit a new 52-week high and has $4.07 target or 7.00% above today’s $3.80 share price. The 8 months bullish chart indicates low risk for the $106.53 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $4.07 price target is reached, the company will be worth $7.46M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $3.8 per share. It is up 78.40% since April 25, 2016 and is uptrending. It has outperformed by 72.39% the S&P500.

According to Zacks Investment Research, “The Goldfield Corporation is a leading provider of electrical construction and maintenance services in the energy infrastructure industry in the southeastern United States. The company specializes in installing and maintaining electrical transmission lines for a wide range of electric utilities. Goldfield is also involved in the development of high-end condominium projects on Florida’s east coast.”

Insitutional Activity: The institutional sentiment increased to 2.4 in 2016 Q2. Its up 0.18, from 2.22 in 2016Q1. The ratio improved, as 2 funds sold all Goldfield Corp shares owned while 7 reduced positions. 15 funds bought stakes while 5 increased positions. They now own 3.02 million shares or 52.16% more from 1.98 million shares in 2016Q1.
Barclays Public Limited Com holds 0% or 20 shares in its portfolio. Grp One Trading L P has 0% invested in the company for 18,137 shares. Moreover, Nationwide Fund has 0% invested in Goldfield Corp (NYSEMKT:GV) for 3,969 shares. Wells Fargo & Communications Mn holds 950 shares or 0% of its portfolio. Shufro Rose And Ltd owns 104,712 shares or 0.04% of their US portfolio. The North Carolina-based National Bank & Trust Of America De has invested 0% in Goldfield Corp (NYSEMKT:GV). Bancorporation Of Ny Mellon has 12,737 shares for 0% of their US portfolio. Spark Invest Management Lc holds 40,800 shares or 0.01% of its portfolio. Blackrock Mngmt Ltd Com owns 3,804 shares or 0% of their US portfolio. Bridgeway Capital Mngmt holds 0.02% of its portfolio in Goldfield Corp (NYSEMKT:GV) for 298,480 shares. The Florida-based St Johns Inv Ltd Liability Corporation has invested 0% in Goldfield Corp (NYSEMKT:GV). Citadel Advsr Ltd Liability Corp holds 17,936 shares or 0% of its portfolio. Blackrock Fund Advsr last reported 0% of its portfolio in the stock. Federated Invsts Incorporated Pa holds 1,354 shares or 0% of its portfolio. Endurance Wealth Mngmt accumulated 0% or 100 shares.

More news for Goldfield Corp (NYSEMKT:GV) were recently published by: Seekingalpha.com, which released: “The Goldfield Corporation Deserves Your Undivided Attention” on August 31, 2016. Smallcapnetwork.com‘s article titled: “Going Long on the Goldfield Corp Turnaround” and published on November 25, 2016 is yet another important article.

GV Company Profile

The Goldfield Corporation (Goldfield), incorporated on April 25, 1968, is engaged in the construction of electrical infrastructure for the utility industry and industrial customers. The Firm serves clients in the Southeast and mid-Atlantic regions of the United States, including Texas. It operates through electrical construction segment.

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