GoldMining (GOLD) AI Stock Analysis

• Market Cap: C$451.02M
• Dividend Yield: N/A
• Average Volume (3M): 439.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.89
• Revenue Growth: N/A
• EPS Growth: 37.78%
• Country: CA
• Employees: 33
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.00
• Shares Outstanding: 209,778,980
• 10 Day Avg. Volume: 589,885
• 30 Day Avg. Volume: 439,689
• PEG Ratio: 0.39
• Price to Book (P/B): 2.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.97
• 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$3.90
• Price Target Upside: 81.28% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.13
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: C$2.00 ▼(-6.98% Downside)

The score is held back primarily by persistent losses and significant negative operating/free cash flow despite a strong, low-debt balance sheet. Technicals are neutral-to-soft near term, while valuation is constrained by negative earnings and no dividend. A positive exploration update provides some upside support but does not offset the current financial burn profile.

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	-353.94K	-331.00K	-237.00K	-210.00K	-186.00K	-275.00K
EBITDA	-11.81M	-23.70M	-23.20M	-13.41M	-11.19M	-10.60M
Net Income	-15.20M	-25.29M	-28.76M	-13.20M	100.36M	-11.09M
Balance Sheet
Total Assets	182.62M	120.96M	136.88M	147.33M	200.16M	69.43M
Cash, Cash Equivalents and Short-Term Investments	7.12M	11.88M	21.59M	8.35M	11.71M	9.29M
Total Debt	322.00K	387.00K	395.00K	9.08M	12.65M	472.14K
Total Liabilities	4.47M	5.80M	4.46M	12.24M	24.45M	3.92M
Stockholders Equity	176.91M	113.76M	129.24M	135.09M	175.70M	64.30M
Cash Flow
Free Cash Flow	-29.86M	-23.18M	-23.39M	-11.13M	-7.97M	-8.54M
Operating Cash Flow	-29.86M	-22.53M	-22.72M	-10.99M	-7.92M	-7.59M
Investing Cash Flow	2.22M	-1.04M	-3.76M	-6.42M	-2.39M	-1.29M
Financing Cash Flow	16.86M	13.35M	39.88M	13.91M	12.77M	11.33M

GoldMining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 2.15 is above the 20-day moving average (MA) of 1.88, above the 50-day MA of 1.90, and above the 200-day MA of 1.46, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 68.60 is Neutral, neither overbought nor oversold. The STOCH value of 86.94 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RDS	54 Neutral	C$341.82M	-161.70	-2.79%	―	―	-74.07%
MFG	54 Neutral	C$350.69M	-34.49	-22.27%	―	―	50.13%
SIG	53 Neutral	C$342.58M	-59.60	-10.44%	―	―	-69.66%
TUD	52 Neutral	C$378.93M	-81.89	-1.98%	―	―	62.97%
GOLD	49 Neutral	C$451.02M	-27.60	-10.17%	―	―	37.78%
BYN	44 Neutral	C$501.40M	-106.42	-5.60%	―	―	-445.00%

GoldMining Corporate Events

GoldMining Inc. Uncovers New Gold Targets at São Jorge Project

GoldMining Inc. has announced initial assay results from its 2025 drilling program at the São Jorge Project in Brazil, revealing multiple new mineralized targets. The results indicate new zones of gold mineralization at four prospects, enhancing the project’s potential and positioning the company for further exploration to define additional resources. This extensive exploration effort, which includes reverse circulation drilling, aims to expand known mineralization areas and test new targets, potentially increasing the project’s gold endowment. The São Jorge Project benefits from excellent infrastructure, facilitating ongoing exploration activities in the promising Tapajós gold district.

The most recent analyst rating on (TSE:GOLD) stock is a Buy with a C$3.75 price target. To see the full list of analyst forecasts on GoldMining stock, see the TSE:GOLD Stock Forecast page.