Is GoldMining Stock a Good Investment?
GoldMining Investment Advice | GLDG |
- Examine GoldMining's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research GoldMining's leadership team and their track record. Good management can help GoldMining navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Diversified Metals & Mining space and any emerging trends that could impact GoldMining's business and its evolving consumer preferences.
- Compare GoldMining's performance and market position to its competitors. Analyze how GoldMining is positioned in terms of product offerings, innovation, and market share.
- Check if GoldMining pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about GoldMining's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in GoldMining stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if GoldMining is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | About Average | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine GoldMining Stock
Researching GoldMining's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company has price-to-book (P/B) ratio of 1.98. Some equities with similar Price to Book (P/B) outperform the market in the long run. GoldMining recorded a loss per share of 0.09. The entity had not issued any dividends in recent years. The firm had 1:100 split on the December 23, 2014.
To determine if GoldMining is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding GoldMining's research are outlined below:
| GoldMining has some characteristics of a very speculative penny stock | |
| GoldMining currently holds 395 K in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. GoldMining has a current ratio of 0.41, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about GoldMining's use of debt, we should always consider it together with its cash and equity. | |
| Net Loss for the year was (30.45 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| GoldMining currently holds about 4.02 M in cash with (21.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| GoldMining has a frail financial position based on the latest SEC disclosures |
GoldMining Quarterly Liabilities And Stockholders Equity |
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GoldMining uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in GoldMining. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to GoldMining's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 10th of April 2024 Next Financial Report | View | |
| 30th of November 2023 Next Fiscal Quarter End | View | |
| 27th of February 2024 Next Fiscal Year End | View | |
| 31st of August 2023 Last Quarter Report | View | |
| 30th of November 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact GoldMining's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises GoldMining's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2021-10-11 | 2021-09-30 | -0.008 | -0.01 | -0.002 | 25 | ||
2022-10-14 | 2022-09-30 | -0.01 | -0.02 | -0.01 | 100 | ||
2022-10-14 | 2022-08-31 | -0.01 | -0.02 | -0.01 | 100 | ||
2022-07-13 | 2022-06-30 | -0.01 | -0.02 | -0.01 | 100 | ||
2022-07-13 | 2022-05-31 | -0.01 | -0.02 | -0.01 | 100 | ||
2021-04-13 | 2021-03-31 | -0.01 | -0.02 | -0.01 | 100 | ||
2021-04-13 | 2021-02-28 | -0.01 | -0.02 | -0.01 | 100 | ||
2021-03-01 | 2020-12-31 | -0.02 | -0.03 | -0.01 | 50 |
GoldMining's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 176.92 M.Market Cap |
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GoldMining's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.19) | (0.20) | |
| Return On Capital Employed | (0.17) | (0.18) | |
| Return On Assets | (0.19) | (0.20) | |
| Return On Equity | (0.20) | (0.21) |
Determining GoldMining's profitability involves analyzing its financial statements and using various financial metrics to determine if GoldMining is a good buy. For example, gross profit margin measures GoldMining's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of GoldMining's profitability and make more informed investment decisions.
Evaluate GoldMining's management efficiency
GoldMining has return on total asset (ROA) of (0.1202) % which means that it has lost $0.1202 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.2068) %, meaning that it created substantial loss on money invested by shareholders. GoldMining's management efficiency ratios could be used to measure how well GoldMining manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to -0.2. The current Return On Capital Employed is estimated to decrease to -0.18. At this time, GoldMining's Other Current Assets are most likely to increase significantly in the upcoming years. The GoldMining's current Total Current Assets is estimated to increase to about 28.7 M, while Other Assets are projected to decrease to 1.09.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.70 | 0.42 | |
| Tangible Book Value Per Share | 0.70 | 0.42 | |
| Enterprise Value Over EBITDA | (9.18) | (9.64) | |
| Price Book Value Ratio | 1.84 | 3.16 | |
| Enterprise Value Multiple | (9.18) | (9.64) | |
| Price Fair Value | 1.84 | 3.16 | |
| Enterprise Value | 258.5 M | 271.5 M |
Management at GoldMining focuses on leveraging technology and optimizing operations. We evaluate the impact of these focuses on the company's financial health and stock performance.
Beta 1.375 |
Basic technical analysis of GoldMining Stock
As of the 28th of November, GoldMining retains the Standard Deviation of 2.49, market risk adjusted performance of 0.0777, and Risk Adjusted Performance of 0.0052. GoldMining technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out GoldMining standard deviation, treynor ratio, as well as the relationship between the Treynor Ratio and potential upside to decide if GoldMining is priced fairly, providing market reflects its last-minute price of 0.84 per share. Given that GoldMining is a hitting penny stock territory we urge to closely look at its jensen alpha.GoldMining's Outstanding Corporate Bonds
GoldMining issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. GoldMining uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most GoldMining bonds can be classified according to their maturity, which is the date when GoldMining has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View |
Understand GoldMining's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing GoldMining's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0052 | |||
| Market Risk Adjusted Performance | 0.0777 | |||
| Mean Deviation | 1.85 | |||
| Coefficient Of Variation | (45,258) | |||
| Standard Deviation | 2.49 | |||
| Variance | 6.22 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | 0.0109 | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.0677 | |||
| Maximum Drawdown | 12.67 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 4.26 | |||
| Skewness | 1.12 | |||
| Kurtosis | 2.13 |
| Risk Adjusted Performance | 0.0052 | |||
| Market Risk Adjusted Performance | 0.0777 | |||
| Mean Deviation | 1.85 | |||
| Coefficient Of Variation | (45,258) | |||
| Standard Deviation | 2.49 | |||
| Variance | 6.22 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | 0.0109 | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.0677 | |||
| Maximum Drawdown | 12.67 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 4.26 | |||
| Skewness | 1.12 | |||
| Kurtosis | 2.13 |
Consider GoldMining's intraday indicators
GoldMining intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of GoldMining stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
GoldMining time-series forecasting models is one of many GoldMining's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary GoldMining's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
GoldMining Stock media impact
Far too much social signal, news, headlines, and media speculation about GoldMining that are available to investors today. That information is available publicly through GoldMining media outlets and privately through word of mouth or via GoldMining internal channels. However, regardless of the origin, that massive amount of GoldMining data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of GoldMining news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of GoldMining relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to GoldMining's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive GoldMining alpha.
GoldMining Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards GoldMining can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
GoldMining Corporate Management
| Katherine Arblaster | Social Environment | Profile | |
| BCom BComm | Member Corp | Profile | |
| Alastair Still | Chief Officer | Profile | |
| Amir Adnani | Founder Chairman | Profile | |
| YongJae LLB | General Counsel | Profile | |
| Tim Smith | VP GoldMining | Profile |
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 unemployment. For more detail on how to invest in GoldMining Stock please use our How to Invest in GoldMining guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoldMining. If investors know GoldMining will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoldMining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.09) | Return On Assets (0.12) | Return On Equity (0.21) |
The market value of GoldMining is measured differently than its book value, which is the value of GoldMining that is recorded on the company's balance sheet. Investors also form their own opinion of GoldMining's value that differs from its market value or its book value, called intrinsic value, which is GoldMining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoldMining's market value can be influenced by many factors that don't directly affect GoldMining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between GoldMining's value and its price, as these two are different measures arrived at by various 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.