HC Wainwright Decreases Earnings Estimates for GoldMining

GoldMining Inc. (NYSEAMERICAN:GLDG) – Equities researchers at HC Wainwright cut their FY2026 earnings per share (EPS) estimates for shares of GoldMining in a research note issued to investors on Friday, July 17th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.13) per share for the year, down from their previous forecast of ($0.10). HC Wainwright currently has a “Buy” rating and a $2.75 target price on the stock. The consensus estimate for GoldMining’s current full-year earnings is ($0.11) per share.

GoldMining Trading Up 0.4%

Shares of GLDG opened at $0.86 on Tuesday. GoldMining has a 12-month low of $0.76 and a 12-month high of $2.27. The firm has a market capitalization of $185.38 million, a P/E ratio of -10.80 and a beta of 1.20. The firm has a 50-day moving average price of $0.97 and a 200 day moving average price of $1.26.

Hedge Funds Weigh In On GoldMining

Several institutional investors and hedge funds have recently bought and sold shares of GLDG. Pacific Excel Wealth Advisors Inc. acquired a new stake in shares of GoldMining during the 2nd quarter worth approximately $27,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in GoldMining in the first quarter valued at approximately $69,000. Renaissance Technologies LLC grew its position in GoldMining by 572.7% in the first quarter. Renaissance Technologies LLC now owns 3,894,861 shares of the company’s stock worth $4,635,000 after acquiring an additional 3,315,830 shares during the period. XTX Topco Ltd grew its position in GoldMining by 196.9% in the fourth quarter. XTX Topco Ltd now owns 330,803 shares of the company’s stock worth $414,000 after acquiring an additional 219,392 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in GoldMining during the fourth quarter worth $44,000. 11.25% of the stock is currently owned by institutional investors and hedge funds.

About GoldMining

GoldMining Inc is a Canada-based mineral exploration and development company focused on the acquisition and advancement of precious metal projects in the Americas. Publicly traded on the NYSE American under the symbol GLDG, the company targets high-quality gold assets with the potential for significant resource expansion. GoldMining seeks to identify projects at various stages, from early exploration to advanced development, and apply systematic drilling and metallurgical testing to enhance their economic prospects.

The company’s portfolio encompasses a diversified suite of properties across North and South America.