The growth track for GoldMining Inc (GLDG) has changed recently

With 0.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.83 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $0.8632 whereas the lowest price it dropped to was $0.835. The 52-week range on GLDG shows that it touched its highest point at $1.08 and its lowest point at $0.75 during that stretch. It currently has a 1-year price target of $5.25. Beta for the stock currently stands at 1.43.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GLDG was down-trending over the past week, with a drop of -7.33%, but this was down by -9.33% over a month. Three-month performance dropped to -0.20% while six-month performance fell -6.82%. The stock lost -6.01% in the past year, while it has lost -13.45% so far this year. A look at the trailing 12-month EPS for GLDG yields -0.09 with Next year EPS estimates of -0.10.

Float and Shares Shorts:

At present, 183.26 million GLDG shares are outstanding with a float of 182.17 million shares on hand for trading. On 2024-11-15, short shares totaled 2.03 million, which was 106.0 higher than short shares on 1728950400. In addition to Mr. Amir Adnani as the firm’s Founder & Non-Independent Co-Chairman of the Board, Mr. Alastair Still B.Sc., M.Sc., P.Geo. serves as its Chief Executive Officer.

Institutional Ownership:

Through their ownership of 0.088719994 of GLDG’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-08-31, GLDG reported revenue of $0.0 and operating income of -$8029000.0. The EBITDA in the recently reported quarter was -$7944000.0 and diluted EPS was -$0.05.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GLDG since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GLDG analysts setting a high price target of 7.077 and a low target of 3.784, the average target price over the next 12 months is 5.4305. Based on these targets, GLDG could surge 742.5% to reach the target high and rise by 350.48% to reach the target low. Reaching the average price target will result in a growth of 546.49% from current levels.

Analysts have provided yearly estimates in a range of -$0.12179 being high and -$0.12179 being low. For GLDG, this leads to a yearly average estimate of -$0.12179.