HC Wainwright Decreases Earnings Estimates for GoldMining

GoldMining Inc. (NYSEAMERICAN:GLDG) – HC Wainwright cut their FY2024 earnings per share (EPS) estimates for shares of GoldMining in a report issued on Thursday, December 5th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of ($0.12) for the year, down from their previous estimate of ($0.06). HC Wainwright has a “Buy” rating and a $5.50 price objective 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 Trading Down 1.1 %

NYSEAMERICAN GLDG opened at $0.87 on Monday. The firm has a market cap of $169.20 million, a PE ratio of -8.69 and a beta of 1.06. GoldMining has a 1-year low of $0.75 and a 1-year high of $1.08.

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

Hedge Funds Weigh In On GoldMining

Several hedge funds and other institutional investors have recently modified their holdings of GLDG. Renaissance Technologies LLC lifted its holdings in shares of GoldMining by 1,564.0% during the 2nd 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. Grimes & Company Inc. bought a new position in shares of GoldMining during the 3rd quarter valued at $32,000. Van ECK Associates Corp lifted 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 valued at $8,968,000 after buying an additional 74,318 shares during the period. SageView Advisory Group LLC bought a new position in GoldMining in the 3rd quarter worth $76,000. Finally, Virtu Financial LLC bought a new position in GoldMining in the 3rd quarter worth $32,000. 11.25% of the stock is owned by institutional investors.

About GoldMining

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.