FY2024 EPS Estimates for GoldMining Reduced by Roth Capital

GoldMining Inc. (NYSEAMERICAN:GLDG) – Analysts at Roth Capital decreased their FY2024 EPS estimates for shares of GoldMining in a report issued 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 forecast 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 dropped their target price 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 Stock Down 0.2 %

NYSEAMERICAN:GLDG opened at $0.81 on Wednesday. The company has a market capitalization of $159.29 million, a P/E ratio of -8.13 and a beta of 1.07. GoldMining has a one year low of $0.75 and a one year high of $1.06.

Institutional Investors Weigh In On GoldMining

Several institutional investors have recently added to or reduced their stakes in GLDG. Van ECK Associates Corp raised its holdings in GoldMining by 0.8% during the third quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company’s stock worth $8,968,000 after purchasing an additional 74,318 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in GoldMining during the 3rd quarter worth $76,000. Virtu Financial LLC purchased a new stake in GoldMining in the third quarter valued at $32,000. JPMorgan Chase & Co. acquired a new position in GoldMining in the third quarter valued at $42,000. Finally, Sprott Inc. grew its holdings in shares of GoldMining by 270.9% during the fourth quarter. Sprott Inc. now owns 333,778 shares of the company’s stock worth $269,000 after purchasing an additional 243,778 shares during the last quarter. 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.