HC Wainwright Analysts Cut Earnings Estimates for GoldMining

GoldMining Inc. (NYSEAMERICAN:GLDG) – Equities researchers at HC Wainwright decreased their FY2024 earnings estimates for shares of GoldMining in a research report issued to clients and investors on Thursday, December 5th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of ($0.12) for the year, down from their prior forecast of ($0.06). HC Wainwright has a “Buy” rating and a $5.50 price target on the stock. The consensus estimate for GoldMining’s current full-year earnings is ($0.09) per share. HC Wainwright also issued estimates for GoldMining’s FY2025 earnings at ($0.09) EPS.

GoldMining (NYSEAMERICAN:GLDG) last released its quarterly earnings results on Friday, October 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03).

GoldMining Price Performance

Shares of NYSEAMERICAN:GLDG opened at $0.88 on Monday. The firm has a market cap of $171.01 million, a P/E ratio of -8.78 and a beta of 1.06. GoldMining has a 12-month low of $0.75 and a 12-month high of $1.08.

Institutional Trading of GoldMining

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Grimes & Company Inc. acquired a new position in shares of GoldMining in the 3rd quarter valued at about $32,000. Virtu Financial LLC bought a new stake in GoldMining in the third quarter worth approximately $32,000. SageView Advisory Group LLC acquired a new position in GoldMining in the third quarter valued at approximately $76,000. Renaissance Technologies LLC lifted its stake in GoldMining by 1,564.0% in the second quarter. Renaissance Technologies LLC now owns 291,200 shares of the company’s stock valued at $260,000 after buying an additional 273,700 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of GoldMining by 0.8% during the 3rd quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company’s stock worth $8,968,000 after buying an additional 74,318 shares in the last quarter. Institutional investors and hedge funds own 11.25% of the company’s stock.

GoldMining Company 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.