GoldMining FY2025 EPS Forecast Increased by Roth Capital

GoldMining Inc. (NYSEAMERICAN:GLDG - Free Report) - Analysts at Roth Capital upped their FY2025 earnings per share estimates for GoldMining in a note issued to investors on Wednesday, July 16th. Roth Capital analyst J. Reagor now forecasts that the company will post earnings per share of ($0.07) for the year, up from their previous forecast of ($0.10). The consensus estimate for GoldMining's current full-year earnings is ($0.09) per share. Roth Capital also issued estimates for GoldMining's FY2026 earnings at ($0.09) EPS.

Separately, HC Wainwright restated a "buy" rating and issued a $3.25 target price on shares of GoldMining in a report on Tuesday, April 15th.

GoldMining Stock Up 5.2%

Shares of GLDG traded up $0.04 on Friday, hitting $0.81. 1,146,748 shares of the stock traded hands, compared to its average volume of 583,908. The stock has a market cap of $158.85 million, a price-to-earnings ratio of -8.97 and a beta of 0.94. The firm has a 50 day moving average price of $0.76. GoldMining has a 1 year low of $0.71 and a 1 year high of $1.06.

Institutional Investors Weigh In On GoldMining

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in GoldMining by 114.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 317,008 shares of the company's stock worth $269,000 after acquiring an additional 169,200 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in GoldMining in the 1st quarter worth approximately $82,000. Jane Street Group LLC purchased a new stake in GoldMining during the 1st quarter worth approximately $77,000. Finally, Total Wealth Planning & Management Inc. purchased a new stake in GoldMining during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 11.25% of the company's stock.

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.