Goldmining Stock Revenue
| GOLD Stock | CAD 1.23 0.02 1.60% |
GoldMining fundamentals help investors to digest information that contributes to GoldMining's financial success or failures. It also enables traders to predict the movement of GoldMining Stock. The fundamental analysis module provides a way to measure GoldMining's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to GoldMining stock.
GoldMining |
GoldMining Company Revenue Analysis
GoldMining's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Based on the latest financial disclosure, GoldMining reported 0.0 of revenue. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The revenue for all Canada stocks is 100.0% higher than that of the company.
GoldMining Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses GoldMining's direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of GoldMining could also be used in its relative valuation, which is a method of valuing GoldMining by comparing valuation metrics of similar companies.GoldMining is currently under evaluation in revenue category among its peers.
GoldMining Fundamentals
| Return On Equity | -0.21 | |||
| Return On Asset | -0.12 | |||
| Current Valuation | 224.16 M | |||
| Shares Outstanding | 190.94 M | |||
| Shares Owned By Insiders | 4.90 % | |||
| Shares Owned By Institutions | 8.87 % | |||
| Number Of Shares Shorted | 226.68 K | |||
| Price To Book | 2.05 X | |||
| EBITDA | (25.8 M) | |||
| Net Income | (28.76 M) | |||
| Cash And Equivalents | 8 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 395 K | |||
| Current Ratio | 6.29 X | |||
| Book Value Per Share | 0.60 X | |||
| Cash Flow From Operations | (22.72 M) | |||
| Short Ratio | 1.32 X | |||
| Earnings Per Share | (0.13) X | |||
| Target Price | 5.25 | |||
| Number Of Employees | 38 | |||
| Beta | 1.38 | |||
| Market Capitalization | 234.86 M | |||
| Total Asset | 136.88 M | |||
| Retained Earnings | 20.18 M | |||
| Working Capital | 21.38 M | |||
| Net Asset | 136.88 M |
About GoldMining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GoldMining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GoldMining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GoldMining based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with GoldMining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoldMining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoldMining will appreciate offsetting losses from the drop in the long position's value.Moving against GoldMining Stock
| 0.44 | NA-PG | National Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to GoldMining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoldMining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoldMining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoldMining to buy it.
The correlation of GoldMining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoldMining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoldMining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GoldMining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoldMining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.