GoldMining (TSE:GOLD)
TSX:GOLD
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GoldMining
(TSX:GOLD)
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Rating:44Neutral
Price Target:
C$1.50
▼(-21.05% Downside)
Action:ReiteratedDate:04/12/26
The score is primarily constrained by weak financial performance (no revenue, persistent losses, and ongoing cash burn) despite a conservatively levered balance sheet. Technical indicators are mixed but lean soft (negative MACD and below key moving averages). Valuation is also pressured because losses drive a negative P/E and there is no dividend yield support.
Positive Factors
Conservative Balance Sheet
Extremely low debt and materially increased equity reduce financing risk and extend runway for multi-year exploration programs. Conservative leverage preserves strategic optionality to fund projects via partnerships, royalties or selective financings, lowering forced-asset-sale probability and supporting long-term project advancement.
Negative Factors
No Revenue / Non-Producing
Absence of operating revenue means the company cannot self-fund development or demonstrate commercial viability; it must rely on external capital, asset sales or partner transactions. That structural dependency increases dilution risk, constrains program continuity and lengthens the path to sustainable cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Extremely low debt and materially increased equity reduce financing risk and extend runway for multi-year exploration programs. Conservative leverage preserves strategic optionality to fund projects via partnerships, royalties or selective financings, lowering forced-asset-sale probability and supporting long-term project advancement.
Read all positive factors
GoldMining (GOLD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$333.84M
Dividend YieldN/A
Average Volume (3M)434.65K
Price to Earnings (P/E)―
Beta (1Y)1.61
Revenue GrowthN/A
EPS Growth47.58%
CountryCA
Employees33
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding213,999,910
10 Day Avg. Volume349,412
30 Day Avg. Volume434,652
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$4.96Price Target Upside160.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.12
Revenue Forecast (FY)N/A
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...
How the Company Makes Money
GoldMining Inc. generates revenue primarily through the acquisition, exploration, and potential development of mineral resources, including gold and copper. The company seeks to add value by assessing and advancing its portfolio of mining projects...
GoldMining Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
78
Positive
Cash Flow
18
Very 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 | -329.94K | -346.00K | -331.00K | -237.00K | -210.00K | -186.00K |
| EBITDA | -13.02M | -25.54M | -23.70M | -23.20M | -13.41M | -11.19M |
| Net Income | -15.57M | -13.48M | -25.29M | -28.76M | -13.20M | 100.36M |
Balance Sheet | ||||||
| Total Assets | 254.22M | 237.96M | 120.96M | 136.88M | 147.33M | 200.16M |
| Cash, Cash Equivalents and Short-Term Investments | 53.90M | 26.38M | 11.88M | 21.59M | 8.35M | 11.71M |
| Total Debt | 275.00K | 299.00K | 387.00K | 395.00K | 9.08M | 12.65M |
| Total Liabilities | 10.07M | 8.36M | 5.80M | 4.46M | 12.24M | 24.45M |
| Stockholders Equity | 241.63M | 226.79M | 113.76M | 129.24M | 135.09M | 175.70M |
Cash Flow | ||||||
| Free Cash Flow | -34.08M | -23.22M | -23.18M | -23.39M | -11.13M | -7.97M |
| Operating Cash Flow | -34.08M | -23.22M | -22.53M | -22.72M | -10.99M | -7.92M |
| Investing Cash Flow | 919.00K | 2.04M | -1.04M | -3.76M | -6.42M | -2.39M |
| Financing Cash Flow | 44.67M | 34.38M | 13.35M | 39.88M | 13.91M | 12.77M |
GoldMining Technical Analysis
Positive
1.90
Price Trends
1.92
Negative
1.98
Negative
1.76
Positive
Market Momentum
-0.01
Negative
58.17
Neutral
85.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOLD, the sentiment is Positive. The current price of 1.9 is above the 20-day moving average (MA) of 1.68, below the 50-day MA of 1.92, and above the 200-day MA of 1.76, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 58.17 is Neutral, neither overbought nor oversold. The STOCH value of 85.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
56 Neutral | C$583.14M | -44.17 | -3.53% | ― | ― | 40.80% | |
48 Neutral | C$442.72M | -124.67 | -2.68% | ― | ― | -1.56% | |
47 Neutral | C$380.50M | -88.74 | -1.51% | ― | ― | ― | |
47 Neutral | C$381.51M | -61.04 | -9.39% | ― | ― | -33.63% | |
46 Neutral | C$261.61M | -28.98 | -28.16% | ― | ― | 34.24% | |
44 Neutral | C$333.84M | -18.50 | -8.10% | ― | ― | 47.58% |
* Basic Materials Sector Average
TSE:GOLD
GoldMining
1.56
0.48
44.44%
TSE:BYN
Banyan Gold
1.40
1.14
438.46%
TSE:RDS
Radisson Mining Resources
1.02
0.72
240.00%
TSE:TUD
Tudor Gold
0.93
0.33
55.00%
TSE:SIG
Sitka Gold Corp.
0.98
0.39
66.10%
TSE:MFG
Mayfair Gold
3.90
0.44
12.72%
GoldMining Corporate Events
Business Operations and StrategyExecutive/Board Changes
GoldMining Taps Veteran Engineer Imola Götz to Steer Project Development Push
Positive
Mar 5, 2026
GoldMining Inc. has appointed veteran mining engineer Imola Götz as Vice President, Project Development, tasking her with overseeing engineering, procurement, construction management and project controls across its portfolio of resource-stage...
Business Operations and Strategy
GoldMining Highlights Positive PEA Milestone at Alaska Whistler Project
Positive
Mar 2, 2026
GoldMining has hailed a positive initial economic assessment completed by its majority-owned subsidiary U.S. GoldMining on the Whistler gold-copper project in Alaska. Management says the study supports its long-term vision for the asset and unders...
Financial DisclosuresRegulatory Filings and Compliance
GoldMining Files Annual Financial Reports and Disclosure for 2025
Neutral
Feb 28, 2026
GoldMining Inc. has filed its annual financial statements, management’s discussion and analysis, annual information form and its annual report for the year ended November 30, 2025. These filings, which provide updated details on the company&...
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.