GoldMining FY2024 EPS Forecast Decreased by HC Wainwright

GoldMining Inc. (NYSEAMERICAN:GLDG) – Analysts at HC Wainwright dropped their FY2024 earnings per share estimates for GoldMining in a research 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 prior 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 ($0.06) per share. HC Wainwright also issued estimates for GoldMining’s FY2025 earnings at ($0.09) EPS.

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

GoldMining Trading Down 3.9 %

GLDG opened at $0.86 on Monday. GoldMining has a 52-week low of $0.75 and a 52-week high of $1.08. The firm has a market cap of $167.64 million, a price-to-earnings ratio of -8.61 and a beta of 1.06.

Hedge Funds Weigh In On GoldMining

A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position 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. acquired a new stake in GoldMining during the third quarter worth $32,000. Van ECK Associates Corp raised its position 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 period. SageView Advisory Group LLC acquired a new position in shares of GoldMining in the 3rd quarter valued at $76,000. Finally, Virtu Financial LLC purchased a new position in shares of GoldMining during the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 11.25% of the company’s stock.

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.