FY2025 EPS Estimates for GoldMining Lowered by HC Wainwright

Key Points

• HC Wainwright has lowered its FY2025 EPS estimate for GoldMining to ($0.08) from a prior forecast of ($0.06), but maintains a "Buy" rating with a price target of $3.75.
• Zacks Research downgraded GoldMining from a "strong-buy" to a "hold" rating, reflecting a more cautious outlook amongst analysts.
• Institutional investors have shown increased interest in GoldMining, with notable shares being purchased by firms like Goldman Sachs, which raised its stake by 114.5%.

GoldMining Inc. (NYSEAMERICAN:GLDG - Free Report) - Stock analysts at HC Wainwright reduced their FY2025 earnings per share (EPS) estimates for shares of GoldMining in a report issued on Monday, September 29th. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.08) per share for the year, down from their prior forecast of ($0.06). HC Wainwright has a "Buy" rating and a $3.75 price objective 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 FY2026 earnings at ($0.09) EPS.

Separately, Zacks Research cut GoldMining from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $3.75.

GoldMining Trading Up 0.8%

Shares of GLDG stock opened at $1.23 on Wednesday. The stock has a market cap of $246.28 million, a price-to-earnings ratio of -13.67 and a beta of 0.95. The stock has a 50-day moving average of $0.97 and a 200-day moving average of $0.85. GoldMining has a 1-year low of $0.71 and a 1-year high of $1.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Simplicity Wealth LLC lifted its position in GoldMining by 100.0% in the 2nd quarter. Simplicity Wealth LLC now owns 40,000 shares of the company's stock valued at $29,000 after acquiring an additional 20,000 shares in the last quarter. Bank of America Corp DE raised its holdings in GoldMining by 58.3% in the 2nd quarter. Bank of America Corp DE now owns 129,204 shares of the company's stock worth $93,000 after purchasing an additional 47,595 shares during the period. Jane Street Group LLC bought a new position in GoldMining in the 1st quarter worth $77,000. Baader Bank Aktiengesellschaft purchased a new stake in GoldMining in the 1st quarter worth $82,000. Finally, Goldman Sachs Group Inc. increased its stake 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 buying an additional 169,200 shares in 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.

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