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GoldMining (TSE:GOLD)
TSX:GOLD

GoldMining (GOLD) AI Stock Analysis

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GoldMining

(TSX:GOLD)

Rating:27Underperform
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.
Mineral Resource Estimate
The recent update to the Mineral Resource Estimate for São Jorge provides additional insight into the site's economic potential.
Valuation
The company's valuation appears increasingly conservative given the ongoing strength in spot gold pricing, which has risen significantly.
Negative Factors
Price Target Revision
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, which has impacted the overall valuation negatively.

GoldMining (GOLD) vs. iShares MSCI Canada ETF (EWC)

GoldMining Business Overview & Revenue Model

Company DescriptionGoldMining 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 MoneyGoldMining 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
10
Very Negative
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
30
Negative
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
20
Very Negative
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
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
-342.00K0.00-237.00K-210.00K-185.62K-275.16K
EBIT
-28.79M-25.58M-25.27M-13.66M108.69M-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-13.20M100.36M-11.09M
Balance SheetCash, Cash Equivalents and Short-Term Investments
6.53M11.88M21.59M8.35M11.71M9.29M
Total Assets
68.28M120.96M136.88M147.33M200.16M69.43M
Total Debt
0.00387.00K395.00K9.08M12.65M472.14K
Net Debt
-6.48M-11.49M-21.19M751.00K987.56K-8.72M
Total Liabilities
2.63M5.80M4.46M12.24M24.45M3.92M
Stockholders Equity
65.65M113.76M129.24M135.09M175.70M64.30M
Cash FlowFree 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
14.02M13.35M39.88M13.91M12.77M11.33M

GoldMining Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.07
Price Trends
50DMA
1.10
Negative
100DMA
1.14
Negative
200DMA
1.19
Negative
Market Momentum
MACD
-0.01
Negative
RSI
48.31
Neutral
STOCH
69.44
Neutral
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 1.07 is above the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.10, and below the 200-day MA of 1.19, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 48.31 is Neutral, neither overbought nor oversold. The STOCH value of 69.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GOLD.

GoldMining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSNGD
77
Outperform
$5.22B28.5414.62%23.61%
TSKNT
76
Outperform
C$3.76B14.9039.28%105.06%481.75%
TSBTO
71
Outperform
$6.62B-17.61%3.83%5.97%-1677.31%
51
Neutral
$2.02B-1.14-21.37%3.64%2.88%-30.57%
TSPRB
47
Neutral
C$516.01M-177.01%10.27%
27
Underperform
$209.75M-22.20%0.84%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:GOLD
GoldMining
1.07
-0.30
-21.90%
TSE:NGD
New Gold
6.59
3.91
145.90%
TSE:BTO
B2Gold
5.01
1.51
43.35%
TSE:PRB
Probe Metals
2.53
1.22
93.13%
TSE:KNT
K92 Mining
15.63
8.00
104.85%

GoldMining Corporate Events

Financial DisclosuresRegulatory Filings and Compliance
GoldMining Inc. Files Annual Financial Reports for 2024
Neutral
Feb 28, 2025

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.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.