GoldMining Inc [AMEX: GLDG] stock went on an upward path that rose over 10.08% on Tuesday, amounting to a one-week price increase of more than 15.45%.
Over the last 12 months, GLDG stock rose by 76.40%. The one-year GoldMining Inc stock forecast points to a potential upside of 55.21. The average equity rating for GLDG stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $282.65 million, with 196.71 million shares outstanding and 188.56 million shares in the current float. Compared to the average trading volume of 1.24M shares, GLDG stock reached a trading volume of 6731140 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on GoldMining Inc [GLDG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GLDG shares is $3.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GLDG stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Price to Book ratio for the last quarter was 3.09, with the Price to Cash per share for the same quarter was set at 0.02.
GLDG Stock Performance Analysis:
GoldMining Inc [GLDG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.45. With this latest performance, GLDG shares gained by 16.39% in over the last four-week period, additionally plugging by 88.78% over the last 6 months – not to mention a rise of 76.40% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GLDG stock in for the last two-week period is set at 75.83, with the RSI for the last a single of trading hit 0.0815, and the three-weeks RSI is set at 0.0679 for GoldMining Inc [GLDG]. The present Moving Average for the last 50 days of trading for this stock 1.0183, while it was recorded at 1.2800 for the last single week of trading, and 0.8488 for the last 200 days.
GoldMining Inc (GLDG) Capital Structure & Debt Analysis
According to recent financial data for GoldMining Inc. ( GLDG), the Return on Equity (ROE) stands at -18.70%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -17.71%, reflecting the company’s efficiency in generating profits from its assets. Additionally, GoldMining Inc’s Return on Invested Capital (ROIC) is -19.25%, showcasing its effectiveness in deploying capital for earnings.
GoldMining Inc (GLDG) Efficiency & Liquidity Metrics
Based on GoldMining Inc’s (GLDG) latest financial statements, the Debt-to-Equity Ratio is 0.00%, indicating its reliance on debt financing relative to shareholder equity.
GoldMining Inc (GLDG) Efficiency & Liquidity Metrics
From an operational efficiency perspective, GoldMining Inc. (GLDG) effectively leverages its workforce, generating an average of -$527878.79 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.14% and a Quick Ratio of 2.14%, indicating strong ability to cover short-term liabilities.
GLDG Stock EPS
With the latest financial reports released by the company, GoldMining Inc posted -0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GLDG.
GoldMining Inc [GLDG] Institutonal Ownership Details
There are presently around $8.33%, or 8.77%% of GLDG stock, in the hands of institutional investors. The top three institutional holders of GLDG stocks are: VAN ECK ASSOCIATES CORP with ownership of 9.08 million shares, which is approximately 4.8804%. RUFFER LLP, holding 0.9 million shares of the stock with an approximate value of $$0.8 million in GLDG stocks shares; and RUFFER LLP, currently with $$0.26 million in GLDG stock with ownership which is approximately 0.1565%.
