FY2024 EPS Estimates for GoldMining Cut by Roth Capital

GoldMining Inc. (NYSEAMERICAN:GLDG - Free Report) - Investment analysts at Roth Capital decreased their FY2024 earnings per share estimates for shares of GoldMining in a research note issued to investors on Monday, March 3rd. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of ($0.09) per share for the year, down from their previous estimate of ($0.06). The consensus estimate for GoldMining's current full-year earnings is ($0.09) per share. Roth Capital also issued estimates for GoldMining's FY2025 earnings at ($0.10) EPS.

Separately, HC Wainwright cut their price objective on shares of GoldMining from $5.50 to $3.25 and set a "buy" rating for the company in a report on Friday, February 28th.

GoldMining Trading Down 0.2 %

Shares of NYSEAMERICAN:GLDG traded down $0.00 during midday trading on Wednesday, hitting $0.82. The company's stock had a trading volume of 319,490 shares, compared to its average volume of 367,850. The company has a market cap of $161.35 million, a P/E ratio of -8.23 and a beta of 1.07. GoldMining has a 12-month low of $0.75 and a 12-month high of $1.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Total Wealth Planning & Management Inc. acquired a new stake in GoldMining during the fourth quarter worth about $35,000. Jacobi Capital Management LLC acquired a new stake in shares of GoldMining during the 4th quarter worth approximately $40,000. Sprott Inc. raised its position in shares of GoldMining by 270.9% during the 4th quarter. Sprott Inc. now owns 333,778 shares of the company's stock valued at $269,000 after buying an additional 243,778 shares during the period. Van ECK Associates Corp raised its position in shares of GoldMining by 1.0% during the 4th quarter. Van ECK Associates Corp now owns 9,240,333 shares of the company's stock valued at $7,438,000 after buying an additional 86,964 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in GoldMining in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 11.25% of the company's stock.

Remove Ads

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.