FY2024 EPS Estimates for GoldMining Reduced by HC Wainwright

GoldMining Inc. (NYSEAMERICAN:GLDG) – Analysts at HC Wainwright dropped their FY2024 EPS estimates for shares of GoldMining in a report issued on Thursday, December 5th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.12) per share for the year, down from their previous 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 ($0.09) per share. HC Wainwright also issued estimates for GoldMining’s FY2025 earnings at ($0.09) EPS.

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

GoldMining Stock Performance

NYSEAMERICAN GLDG opened at $0.88 on Monday. The firm has a market cap of $171.01 million, a price-to-earnings ratio of -8.78 and a beta of 1.06. GoldMining has a 1 year low of $0.75 and a 1 year high of $1.08.

Institutional Trading of GoldMining

A number of hedge funds have recently made changes to their positions in GLDG. Renaissance Technologies LLC increased its holdings 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 worth $260,000 after acquiring an additional 273,700 shares during the last quarter. Grimes & Company Inc. bought a new position in GoldMining during the third quarter worth $32,000. Van ECK Associates Corp increased its holdings in shares of 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. SageView Advisory Group LLC bought a new position in shares of GoldMining in the third quarter valued at about $76,000. Finally, Virtu Financial LLC acquired a new stake in shares of GoldMining during the 3rd quarter worth about $32,000. 11.25% of the stock is owned by institutional investors and hedge funds.

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.