GoldMining Inc. (NYSEAMERICAN:GLDG - Free Report) - Equities research analysts at HC Wainwright decreased their FY2024 earnings per share (EPS) estimates for GoldMining in a note issued to 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 previous 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 - Get Free Report) last posted its earnings results on Friday, October 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03).
GoldMining Stock Performance
GLDG stock traded up $0.02 during mid-day trading on Monday, reaching $0.88. The company had a trading volume of 954,253 shares, compared to its average volume of 540,495. The stock has a market capitalization of $171.01 million, a price-to-earnings ratio of -8.78 and a beta of 1.06. GoldMining has a one year low of $0.75 and a one year high of $1.08.
Institutional Investors Weigh In On GoldMining
Institutional investors have recently bought and sold shares of the business. Grimes & Company Inc. acquired a new stake in GoldMining in the 3rd quarter worth approximately $32,000. Virtu Financial LLC acquired a new position in GoldMining in the third quarter worth $32,000. SageView Advisory Group LLC acquired a new position in GoldMining in the third quarter worth $76,000. Renaissance Technologies LLC lifted its stake in shares of GoldMining by 1,564.0% during the second quarter. Renaissance Technologies LLC now owns 291,200 shares of the company's stock valued at $260,000 after acquiring an additional 273,700 shares during the period. Finally, Van ECK Associates Corp increased its holdings in GoldMining by 0.8% in the third quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company's stock valued at $8,968,000 after purchasing an additional 74,318 shares during the last quarter. 11.25% of the stock is currently owned by institutional investors and hedge funds.
GoldMining Company Profile
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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.
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