GoldMining (GOLD) AI Stock Analysis

• Market Cap: $205.83M
• Dividend Yield: N/A
• Average Volume (3M): 123.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: N/A
• EPS Growth: 0.84%
• Country: CA
• Employees: 33
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Gold
• EPS (TTM): -0.03
• Shares Outstanding: 196,025,960
• 10 Day Avg. Volume: 134,729
• 30 Day Avg. Volume: 123,415
• PEG Ratio: 0.19
• Price to Book (P/B): 2.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -25.74
• 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: $4.43
• Price Target Upside: 321.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 27 Underperform
• Price Target: ―

GoldMining's overall score reflects significant financial struggles with zero revenue and consistent losses. The technical indicators show a bearish trend, and the negative P/E ratio highlights poor valuation. These factors combine to provide a low attractiveness score.

Positive Factors

Exploration Program

GoldMining Inc. has initiated its largest-ever exploration program, demonstrating a strong commitment to advancing the São Jorge project.

Land Expansion

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

Mineral 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 Decrease

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.

Production Timeline

The price target was decreased due to a revised production timeline, impacting future financial projections.

Valuation Concerns

The company's valuation appears increasingly conservative given the ongoing strength in spot gold pricing, which has risen significantly.

GoldMining Business Overview & Revenue Model

Company Description

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, United States; and São Jorge Gold Project located in the State of Pará, northeastern Brazil. The company was formerly known as Brazil Resources Inc. and changed its name to GoldMining Inc. in December 2016. GoldMining Inc. was incorporated in 2009 and is headquartered in Vancouver, Canada.

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 is struggling with profitability due to zero revenue and consistent losses. The balance sheet shows strong equity, but the lack of revenue growth and negative cash flows are major concerns.

Income Statement

GoldMining has consistently reported zero revenue over the past few years, which limits its ability to generate profit. The company has shown negative EBIT and EBITDA figures, indicating operational losses. The net income is also negative, highlighting ongoing financial challenges.

Balance Sheet

The company maintains a strong equity position with a high equity ratio, suggesting financial stability. However, the presence of total debt and consistent net losses may pose long-term risks. The low debt-to-equity ratio is a positive aspect, indicating low leverage.

Cash Flow

GoldMining's operating cash flow is negative, reflecting challenges in cash generation from operations. The free cash flow is also negative, which could hinder the company's ability to fund growth initiatives without additional financing.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-342.00K	0.00	-237.00K	-210.00K	-185.62K	-275.16K
	EBIT
-28.79M	-25.58M	-25.27M	-13.66M	108.69M	-10.87M
	EBITDA
-28.16M	-23.70M	-23.20M	-12.37M	-11.19M	-10.79M
	Net Income Common Stockholders
-27.25M	-25.29M	-28.76M	-13.20M	100.36M	-11.09M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.23M	11.88M	21.59M	8.35M	11.71M	9.29M
	Total Assets
123.78M	120.96M	136.88M	147.33M	200.16M	69.43M
	Total Debt
366.00K	387.00K	395.00K	9.08M	12.65M	472.14K
	Net Debt
-8.86M	-11.49M	-21.19M	751.00K	987.56K	-8.72M
	Total Liabilities
5.87M	5.80M	4.46M	12.24M	24.45M	3.92M
	Stockholders Equity
116.70M	113.76M	129.24M	135.09M	175.70M	64.30M
Cash Flow		Free Cash Flow
-23.39M	-23.18M	-23.39M	-11.13M	-7.97M	-8.54M
	Operating Cash Flow
-22.96M	-22.53M	-22.72M	-10.99M	-7.92M	-7.59M
	Investing Cash Flow
-523.00K	-1.04M	-3.76M	-6.42M	-2.39M	-1.29M
	Financing Cash Flow
14.02M	13.35M	39.88M	13.91M	12.77M	11.33M

GoldMining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 1.05 is below the 20-day moving average (MA) of 1.06, below the 50-day MA of 1.08, and below the 200-day MA of 1.19, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 44.90 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 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
MAI	56 Neutral	C$238.13M	―	-157.80%	―	9.15%	-1170.73%
TAU	55 Neutral	C$249.34M	53.85	-0.81%	―	―	12.63%
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	3.98%	2.91%	-30.50%
GOLD	27 Underperform	$205.83M	―	-22.20%	―	―	0.84%
GGAZF		$153.64M	―		―	―	―
DNGDF		$140.65M	7.24	16.08%	3.49%	―	―
STPGF		$251.22M	4.42	44.39%	―	―	―

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.