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GoldMining
(NYSE MKT:GOLD)
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Rating:45Neutral
Price Target:
C$1.00
▼(-47.37% Downside)
Action:Reiterated
Date:07/17/26
The score is driven primarily by weak financial performance—no revenue, multi-year losses, and ongoing cash burn—partly offset by a conservatively levered balance sheet. Technicals add downside pressure with a clear downtrend and negative momentum, while valuation provides limited support due to a negative P/E and no dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and a materially improved equity/assets base give the company durable financial flexibility: it can fund near-term exploration, withstand cash burn longer, and negotiate JV/transaction terms from a stronger capitalization position without urgent refinancing risk.
Negative Factors
No revenue and persistent losses
Zero operating revenue and recurring losses mean the business currently cannot self-fund its activities. Over time this erodes capital without successful asset monetization, raising execution risk that the company must consistently realize transactions or raise financing to survive.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a materially improved equity/assets base give the company durable financial flexibility: it can fund near-term exploration, withstand cash burn longer, and negotiate JV/transaction terms from a stronger capitalization position without urgent refinancing risk.
Read all positive factors
GoldMining (GOLD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$249.17M
Dividend YieldN/A
Average Volume (3M)389.93K
Price to Earnings (P/E)―
Beta (1Y)1.88
Revenue GrowthN/A
EPS Growth18.45%
CountryCA
Employees43
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.10
Shares Outstanding214,799,160
10 Day Avg. Volume257,184
30 Day Avg. Volume389,928
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)1.76
Price to Sales (P/S)0.00
P/FCF Ratio-17.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$4.39Price Target Upside130.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.13
Revenue Forecast (FY)N/A
GoldMining Business Overview & Revenue Model
Company Description
GoldMining Inc. is a mineral exploration enterprise primarily involved in the acquisition, discovery, and advancement of gold properties throughout the Americas. It maintains a diverse array of early-stage gold and gold-copper projects situated in...
How the Company Makes Money
GoldMining generally seeks to create shareholder value by acquiring mineral assets and advancing them through exploration and technical de-risking, then monetizing that value through transactions and capital markets activities rather than through ...
GoldMining Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
76
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -336.94K | -346.00K | -331.00K | -237.00K | -210.00K | -186.00K |
| EBITDA | -16.66M | -25.54M | -23.70M | -23.20M | -13.41M | -11.19M |
| Net Income | -21.66M | -13.48M | -25.29M | -28.76M | -13.20M | 100.36M |
Balance Sheet | ||||||
| Total Assets | 242.69M | 237.96M | 120.96M | 136.88M | 147.33M | 200.16M |
| Cash, Cash Equivalents and Short-Term Investments | 81.60M | 26.38M | 11.88M | 21.59M | 8.35M | 11.71M |
| Total Debt | 250.00K | 299.00K | 387.00K | 395.00K | 9.08M | 12.65M |
| Total Liabilities | 13.50M | 8.36M | 5.80M | 4.46M | 12.24M | 24.45M |
| Stockholders Equity | 226.62M | 226.79M | 113.76M | 129.24M | 135.09M | 175.70M |
Cash Flow | ||||||
| Free Cash Flow | -36.34M | -23.22M | -23.18M | -23.39M | -11.13M | -7.97M |
| Operating Cash Flow | -35.79M | -23.22M | -22.53M | -22.72M | -10.99M | -7.92M |
| Investing Cash Flow | 176.00K | 2.04M | -1.04M | -3.76M | -6.42M | -2.39M |
| Financing Cash Flow | 45.50M | 34.38M | 13.35M | 39.88M | 13.91M | 12.77M |
GoldMining Technical Analysis
Negative
1.90
Price Trends
1.41
Negative
1.62
Negative
1.81
Negative
Market Momentum
-0.06
Positive
33.62
Neutral
11.39
Positive
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 1.9 is above the 20-day moving average (MA) of 1.28, above the 50-day MA of 1.41, and above the 200-day MA of 1.81, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 33.62 is Neutral, neither overbought nor oversold. The STOCH value of 11.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GOLD.
GoldMining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$354.26M | -52.38 | -10.34% | ― | ― | -125.00% | |
51 Neutral | C$568.84M | -126.42 | -5.03% | ― | ― | 19.23% | |
47 Neutral | C$368.55M | -115.49 | -3.50% | ― | ― | -6.78% | |
47 Neutral | C$337.43M | -81.82 | -1.51% | ― | ― | ― | |
45 Neutral | C$249.17M | -16.09 | -8.10% | ― | ― | 18.45% | |
42 Neutral | C$234.98M | -13.59 | -36.90% | ― | ― | -11.55% |
* Basic Materials Sector Average
TSE:GOLD
GoldMining
1.17
0.12
11.43%
TSE:BYN
Banyan Gold
1.34
1.04
349.66%
TSE:RDS
Radisson Mining Resources
0.82
0.33
67.35%
TSE:TUD
Tudor Gold
0.81
0.30
58.82%
TSE:SIG
Sitka Gold Corp.
0.99
0.37
59.68%
TSE:MFG
Mayfair Gold
3.36
0.06
1.67%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.