GoldMining Book Value Per Share vs Free Cash Flow Yield Analysis

GOLD Stock

CAD 1.23 0.01 0.81%

GoldMining financial indicator trend analysis is much more than just examining GoldMining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoldMining is a good investment. Please check the relationship between GoldMining Book Value Per Share and its Free Cash Flow Yield accounts. 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 signals in board of governors.

To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.

Book Value Per Share vs Free Cash Flow Yield

Book Value Per Share vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoldMining Book Value Per Share account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between GoldMining's Book Value Per Share and Free Cash Flow Yield is -0.04. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of GoldMining, assuming nothing else is changed. The correlation between historical values of GoldMining's Book Value Per Share and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of GoldMining are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Book Value Per Share i.e., GoldMining's Book Value Per Share and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.04

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from GoldMining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GoldMining current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 signals in board of governors.

To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.At this time, GoldMining's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 56 M, while Tax Provision is likely to drop about 3.5 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	14.8M	25.8M	29.7M	31.2M
Cost Of Revenue	210K	237K	213.3K	274.9K

Total Operating Expenses Cost Of Revenue

GoldMining fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Total	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Non Currrent Assets Other	Common Stock Total Equity	Short Term Investments	Short Term Debt
Total Assets		0.49	0.73	1.0	0.13	0.08	0.66	0.37	0.36	0.99	0.67	0.62	0.8	0.75	-0.72	0.76	0.73	0.69	0.71	0.81	0.63	-0.75	0.44	0.79	0.58	0.61
Other Current Liab	0.49		-0.11	0.52	-0.4	-0.08	0.26	0.16	-0.09	0.44	0.63	0.78	0.5	0.87	-0.68	-0.05	0.42	0.66	0.04	0.56	-0.23	-0.53	0.73	0.43	0.88	-0.26
Total Current Liabilities	0.73	-0.11		0.7	0.44	0.41	0.57	0.1	0.24	0.79	0.1	0.04	0.46	0.15	-0.31	0.96	0.43	0.1	0.79	0.44	0.98	-0.49	-0.13	0.49	-0.07	0.97
Total Stockholder Equity	1.0	0.52	0.7		0.12	0.05	0.64	0.39	0.37	0.99	0.7	0.65	0.81	0.77	-0.74	0.72	0.74	0.72	0.68	0.83	0.6	-0.75	0.47	0.8	0.61	0.57
Property Plant And Equipment Net	0.13	-0.4	0.44	0.12		-0.06	-0.45	0.17	0.35	0.19	-0.24	-0.5	0.33	-0.43	0.23	0.37	0.52	-0.26	0.21	0.27	0.41	-0.31	-0.61	0.45	-0.59	0.41
Net Debt	0.08	-0.08	0.41	0.05	-0.06		0.42	-0.44	-0.78	0.18	-0.58	-0.1	-0.12	-0.08	-0.03	0.39	-0.17	-0.55	0.31	-0.16	0.48	-0.14	-0.28	-0.22	-0.13	0.49
Retained Earnings	0.66	0.26	0.57	0.64	-0.45	0.42		0.03	-0.05	0.66	0.38	0.6	0.22	0.6	-0.59	0.59	0.05	0.4	0.56	0.27	0.57	-0.24	0.42	0.15	0.53	0.57
Accounts Payable	0.37	0.16	0.1	0.39	0.17	-0.44	0.03		0.46	0.32	0.53	0.42	0.54	0.34	-0.49	0.03	0.58	0.52	-0.08	0.59	-0.05	-0.1	0.44	0.5	0.32	-0.06
Cash	0.36	-0.09	0.24	0.37	0.35	-0.78	-0.05	0.46		0.3	0.63	0.07	0.39	0.11	-0.1	0.25	0.41	0.6	0.23	0.4	0.17	-0.14	0.15	0.52	0.02	0.17
Non Current Assets Total	0.99	0.44	0.79	0.99	0.19	0.18	0.66	0.32	0.3		0.58	0.55	0.78	0.69	-0.68	0.81	0.72	0.6	0.75	0.79	0.7	-0.76	0.36	0.77	0.51	0.68
Cash And Short Term Investments	0.67	0.63	0.1	0.7	-0.24	-0.58	0.38	0.53	0.63	0.58		0.77	0.6	0.82	-0.66	0.16	0.51	1.0	0.22	0.66	-0.02	-0.4	0.78	0.61	0.79	-0.04
Net Receivables	0.62	0.78	0.04	0.65	-0.5	-0.1	0.6	0.42	0.07	0.55	0.77		0.49	0.94	-0.89	0.03	0.38	0.8	0.03	0.57	-0.06	-0.42	0.82	0.42	0.94	-0.09
Common Stock Shares Outstanding	0.8	0.5	0.46	0.81	0.33	-0.12	0.22	0.54	0.39	0.78	0.6	0.49		0.61	-0.67	0.47	0.94	0.61	0.43	0.99	0.36	-0.83	0.38	0.97	0.47	0.32
Other Current Assets	0.75	0.87	0.15	0.77	-0.43	-0.08	0.6	0.34	0.11	0.69	0.82	0.94	0.61		-0.84	0.2	0.49	0.85	0.27	0.67	0.04	-0.56	0.83	0.54	0.97	0.01
Other Stockholder Equity	-0.72	-0.68	-0.31	-0.74	0.23	-0.03	-0.59	-0.49	-0.1	-0.68	-0.66	-0.89	-0.67	-0.84		-0.23	-0.55	-0.69	-0.11	-0.74	-0.19	0.61	-0.66	-0.61	-0.78	-0.17
Total Liab	0.76	-0.05	0.96	0.72	0.37	0.39	0.59	0.03	0.25	0.81	0.16	0.03	0.47	0.2	-0.23		0.43	0.16	0.92	0.44	0.96	-0.5	-0.08	0.5	0.0	0.95
Property Plant And Equipment Gross	0.73	0.42	0.43	0.74	0.52	-0.17	0.05	0.58	0.41	0.72	0.51	0.38	0.94	0.49	-0.55	0.43		0.52	0.36	0.94	0.32	-0.77	0.2	0.96	0.34	0.28
Total Current Assets	0.69	0.66	0.1	0.72	-0.26	-0.55	0.4	0.52	0.6	0.6	1.0	0.8	0.61	0.85	-0.69	0.16	0.52		0.22	0.67	-0.02	-0.42	0.79	0.61	0.82	-0.04
Non Current Liabilities Total	0.71	0.04	0.79	0.68	0.21	0.31	0.56	-0.08	0.23	0.75	0.22	0.03	0.43	0.27	-0.11	0.92	0.36	0.22		0.39	0.8	-0.45	0.02	0.44	0.11	0.8
Common Stock	0.81	0.56	0.44	0.83	0.27	-0.16	0.27	0.59	0.4	0.79	0.66	0.57	0.99	0.67	-0.74	0.44	0.94	0.67	0.39		0.32	-0.8	0.43	0.96	0.53	0.29
Short Long Term Debt Total	0.63	-0.23	0.98	0.6	0.41	0.48	0.57	-0.05	0.17	0.7	-0.02	-0.06	0.36	0.04	-0.19	0.96	0.32	-0.02	0.8	0.32		-0.43	-0.23	0.39	-0.16	1.0
Current Deferred Revenue	-0.75	-0.53	-0.49	-0.75	-0.31	-0.14	-0.24	-0.1	-0.14	-0.76	-0.4	-0.42	-0.83	-0.56	0.61	-0.5	-0.77	-0.42	-0.45	-0.8	-0.43		-0.23	-0.83	-0.41	-0.39
Non Currrent Assets Other	0.44	0.73	-0.13	0.47	-0.61	-0.28	0.42	0.44	0.15	0.36	0.78	0.82	0.38	0.83	-0.66	-0.08	0.2	0.79	0.02	0.43	-0.23	-0.23		0.25	0.89	-0.25
Common Stock Total Equity	0.79	0.43	0.49	0.8	0.45	-0.22	0.15	0.5	0.52	0.77	0.61	0.42	0.97	0.54	-0.61	0.5	0.96	0.61	0.44	0.96	0.39	-0.83	0.25		0.37	0.36
Short Term Investments	0.58	0.88	-0.07	0.61	-0.59	-0.13	0.53	0.32	0.02	0.51	0.79	0.94	0.47	0.97	-0.78	0.0	0.34	0.82	0.11	0.53	-0.16	-0.41	0.89	0.37		-0.19
Short Term Debt	0.61	-0.26	0.97	0.57	0.41	0.49	0.57	-0.06	0.17	0.68	-0.04	-0.09	0.32	0.01	-0.17	0.95	0.28	-0.04	0.8	0.29	1.0	-0.39	-0.25	0.36	-0.19

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GoldMining Account Relationship Matchups

GoldMining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	69.4M	200.2M	147.3M	136.9M	157.4M	165.3M
Other Current Liab	1.7M	379.4K	354K	2.3M	2.6M	2.7M
Total Current Liabilities	3.1M	13.6M	11.0M	2.3M	2.7M	3.5M
Total Stockholder Equity	64.3M	175.7M	135.1M	129.2M	148.6M	156.1M
Property Plant And Equipment Net	57.7M	56.3M	58.6M	3.2M	3.7M	3.5M
Net Debt	(8.7M)	987.6K	751K	(7.0M)	(8.1M)	(8.5M)
Retained Earnings	(59.9M)	41.2M	28.0M	20.2M	23.2M	24.4M
Accounts Payable	923.2K	658.1K	1.7M	1.8M	2.0M	1.2M
Cash	9.2M	11.7M	8.3M	7.4M	8.5M	8.5M
Non Current Assets Total	59.3M	187.9M	138.1M	113.2M	130.1M	136.6M
Cash And Short Term Investments	9.3M	11.7M	8.3M	21.7M	25.0M	26.2M
Net Receivables	63.0K	40.1K	374K	594K	683.1K	717.3K
Common Stock Shares Outstanding	146.0M	152.5M	154.0M	171.9M	197.7M	111.7M
Liabilities And Stockholders Equity	69.4M	200.2M	147.3M	136.9M	157.4M	165.3M
Other Current Assets	350K	528.8K	475K	1.4M	1.6M	1.7M
Other Stockholder Equity	1.4M	(3.9M)	3.4M	(55.7M)	(50.1M)	(47.6M)
Total Liab	3.9M	24.5M	12.2M	4.5M	5.1M	5.0M
Property Plant And Equipment Gross	57.7M	57.7M	60.3M	61.8M	71.0M	42.0M
Total Current Assets	10.1M	12.3M	9.2M	23.7M	27.3M	28.7M
Accumulated Other Comprehensive Income	(3.9M)	3.4M	(43.8M)	(67.5M)	(60.8M)	(57.7M)
Non Current Liabilities Total	861.9K	10.9M	1.2M	2.1M	2.4M	1.7M
Common Stock	128.2M	131.1M	150.9M	176.6M	203.1M	102.0M
Short Term Debt	426.1K	12.5M	8.9M	66K	75.9K	72.1K
Other Liab	816.7K	815.8K	10.8M	1.1M	1.3M	2.2M
Net Tangible Assets	65.6M	64.3M	175.7M	135.1M	155.4M	91.1M
Long Term Investments	1.1M	131.1M	79.0M	52.6M	60.5M	33.1M
Property Plant Equipment	59.5M	57.7M	56.3M	58.6M	67.4M	56.4M
Net Invested Capital	64.7M	188.2M	143.9M	129.2M	148.6M	115.9M
Net Working Capital	7.1M	(1.3M)	(1.8M)	21.4M	24.6M	25.8M
Capital Stock	128.2M	131.1M	150.9M	176.6M	203.1M	149.5M

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

0.47	BYD	Boyd Group Services	Pair Corr
0.4	FDY	Faraday Copper Corp	Pair Corr
0.34	IE	Ivanhoe Energy	Pair Corr
0.33	FFH	Fairfax Financial	Pair Corr
0.33	FSV	FirstService Corp	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether GoldMining is a strong investment it is important to analyze GoldMining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GoldMining's future performance. For an informed investment choice regarding GoldMining Stock, refer to the following important reports:

How To Invest In GoldMining

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Is GoldMining Stock a good investment?

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What is GoldMining's Net Worth?

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Largest Materials Companies

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Largest Basic Materials Companies

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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 signals in board of governors.

To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Please note, there is a significant difference between GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoldMining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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GoldMining Book Value Per Share vs Free Cash Flow Yield Analysis

Book Value Per Share vs Free Cash Flow Yield

Book Value Per Share vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Book Value Per Share

Free Cash Flow Yield

GoldMining fundamental ratios Correlations

GoldMining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GoldMining fundamental ratios Accounts

Pair Trading with GoldMining

Moving against GoldMining Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash And Short Term Investments
Short Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.99	Common Stock Shares Outstanding

Other Stockholder Equity	- 0.89	Net Receivables
Other Stockholder Equity	- 0.84	Other Current Assets
Common Stock Total Equity	- 0.83	Current Deferred Revenue
Current Deferred Revenue	- 0.83	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.8	Common Stock
Short Term Investments	- 0.78	Other Stockholder Equity