GoldMining (GOLD) AI Stock Analysis

• Market Cap: C$207.69M
• Dividend Yield: N/A
• Average Volume (3M): 119.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: N/A
• EPS Growth: 19.80%
• Country: CA
• Employees: 33
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Gold
• EPS (TTM): -0.13
• Shares Outstanding: 195,935,150
• 10 Day Avg. Volume: 103,857
• 30 Day Avg. Volume: 119,694
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -11.60
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$4.17
• Price Target Upside: 293.43% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

GoldMining's stock score is primarily impacted by its financial challenges, with zero revenue and consistent operational losses being the most significant factors. Although the company maintains a strong equity position with low leverage, the negative cash flows and lack of profitability weigh heavily on its score. The technical analysis offers a neutral perspective, with no strong price trends or momentum. Valuation concerns are exacerbated by a negative P/E ratio and the absence of a dividend yield, further impacting the overall score.

Positive Factors

Exploration Potential

The company has expanded its land package to 46,485 hectares, which enhances its exploration potential.

Resource Estimate

The firm's updated Mineral Resource Estimate reflects a higher-quality and more precise resource estimate for the São Jorge site.

Negative Factors

Price Target

The price target was decreased to $3.25 from $5.50 due to multiple changes in the model, including a revised production timeline and an increased discount rate.

Valuation

The overall valuation for Goldmining Inc. is supported by a discounted cash flow analysis of operations at São Jorge.

GoldMining Business Overview & Revenue Model

Company Description

GoldMining Inc. (GOLD) is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. The company operates a diverse portfolio of projects at various stages of development, with a primary emphasis on gold and copper resources. GoldMining's strategic approach involves identifying and acquiring undervalued assets with significant exploration potential, aiming to enhance shareholder value through strategic partnerships and asset development.

How the Company Makes Money

GoldMining Inc. generates revenue primarily through the exploration and development of its mineral projects, with a focus on gold and copper resources. The company monetizes its assets by advancing projects to a stage where they become attractive for joint ventures or sales to larger mining companies. Additionally, GoldMining may enter into strategic partnerships or agreements with other mining companies to co-develop projects, share costs, and leverage expertise. The company's revenue model is heavily dependent on the successful exploration and development of its mineral assets, as well as market conditions for gold and copper. GoldMining may also generate income through the sale of non-core assets or royalties from existing agreements.

GoldMining Financial Statement Overview

Summary

GoldMining faces significant financial challenges with zero revenue and consistent losses. The strong equity position and low leverage provide some financial stability, but negative cash flows highlight operational struggles. The company needs to address revenue generation and operational efficiency to improve financial health.

Income Statement

GoldMining has reported zero revenue over multiple periods, reflecting the challenges in generating income. The negative gross profit, EBIT, and net income indicate persistent operational losses, highlighting concerns over profitability. Revenue growth cannot be determined due to the absence of revenue.

Balance Sheet

The company's debt-to-equity ratio is low, indicating limited leverage, which is positive. However, the continued losses have impacted equity negatively over time. The equity ratio remains strong, suggesting stability in asset financing through equity.

Cash Flow

Operating cash flow is negative, indicating cash outflows from core operations, which is concerning. Free cash flow is also negative, reflecting insufficient capital generation after investments. However, financing activities have provided some liquidity support.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-340.00K	-237.00K	-210.00K	-185.62K	-275.16K	-213.41K
	EBIT
-28.31M	-25.27M	-13.66M	108.69M	-10.87M	-6.32M
	EBITDA
-24.63M	-23.20M	-12.37M	-11.19M	-10.79M	-6.09M
	Net Income Common Stockholders
-25.29M	-28.76M	-13.20M	100.36M	-11.09M	-6.15M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.16M	21.59M	8.35M	11.71M	9.29M	6.53M
	Total Assets
6.32M	136.88M	147.33M	200.16M	69.43M	68.28M
	Total Debt
0.00	395.00K	9.08M	12.65M	472.14K	0.00
	Net Debt
-6.16M	-21.19M	751.00K	987.56K	-8.72M	-6.48M
	Total Liabilities
134.05K	4.46M	12.24M	24.45M	3.92M	2.63M
	Stockholders Equity
6.19M	129.24M	135.09M	175.70M	64.30M	65.65M
Cash Flow		Free Cash Flow
-23.18M	-23.39M	-11.13M	-7.97M	-8.54M	-4.78M
	Operating Cash Flow
-22.53M	-22.72M	-10.99M	-7.92M	-7.59M	-4.62M
	Investing Cash Flow
-1.04M	-3.76M	-6.42M	-2.39M	-1.29M	-286.74K
	Financing Cash Flow
13.35M	39.88M	13.91M	12.77M	11.33M	1.65M

GoldMining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOLD, the sentiment is Negative. The current price of 1.06 is below the 20-day moving average (MA) of 1.20, below the 50-day MA of 1.18, and below the 200-day MA of 1.22, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.87 is Neutral, neither overbought nor oversold. The STOCH value of 20.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GOLD.

GoldMining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	79 Outperform	C$2.66B	17.19	26.82%	―	77.93%	236.93%
NGD	73 Outperform	C$3.38B	24.28	11.14%	―	18.32%	―
BTO	66 Neutral	$4.99B	―	-18.54%	5.30%	-0.18%	-2195.85%
Sector *	47 Neutral	$2.36B	-2.99	-21.59%	3.58%	4.21%	-28.30%
PRB	44 Neutral	C$320.89M	―	-109.44%	―	―	10.27%
GOLD	42 Neutral	C$207.69M	―	-20.95%	―	―	19.80%

GoldMining Corporate Events

GoldMining Inc. Files Annual Financial Reports for 2024

GoldMining Inc. announced the filing of its annual financial statements and related documents for the fiscal year ending November 30, 2024. These filings provide insights into the company’s financial position and operations, potentially impacting its market positioning and stakeholder interests. The availability of these documents on various platforms ensures transparency and accessibility for investors and stakeholders.

GoldMining Inc. Announces Board Changes and New Advisory Roles

GoldMining Inc. announced the retirement of Garnet Dawson and Herb Dhaliwal from its board of directors, both having served for over a decade. They will continue to support the company as strategic advisors, reflecting continuity in leadership and potentially influencing future strategic directions.