Is GoldMining Inc. (GLDG) A Good Investment?

GoldMining Inc. (AMEX:GLDG) finished Friday with an addition of $0.02 to close at $1.38, an upside of 1.47 percent. An average of 471,460 shares of common stock have been traded in the last five days. There was a gain of $0.0600 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 347,155 shares traded, while the 50-day average volume stands at 318,744.

GLDG stock has increased by 12.20% in the last month. The company shares reached their 1-month lowest point of $1.1500 on 10/05/21. With the stock rallying to its 52-week high on 01/05/21, shares of the company touched a low of $1.08 and a high of $2.55 in 52 weeks. It has reached a new high 2 times so far this year and lost -36.70% or -$0.8000 in price. In spite of this, the price is down -45.88% from the 52-week high.


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Valuation Metrics

GoldMining Inc. (GLDG) has a trailing price-to-earnings (P/E) ratio of 20.90 for the broader industry and 13.81 for the sector. In the last five years, GoldMining Inc.’s PE ratio has ranged between 3.595 and 2.222. Other valuation ratios to consider include the price-to-book (PB) ratio at 3.38.

Its gross profit as reported stood at $2000.0 compared to revenue of $8.1 million.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$2.71 million in the quarter, while revenues were shrunk -1360.89%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at GoldMining Inc. (GLDG) price momentum. RSI 9-day as of the close on 22 October was 70.25%, suggesting the stock is Overbought, with historical volatility in this time frame at 39.96%.

As of today, GLDG’s price is $1.3220 +4.55% or $0.0600 from its 5-day moving average. GLDG is currently trading +14.05% higher than its 20-day SMA and -22.03% lower than its 100-day SMA. However, the stock’s current price level is +16.95% above the SMA50 and -38.39% below the SMA200.

The stochastic %K and %D were 89.29% and 81.03%, respectively, and the average true range (ATR) was 0.0617. With the 14-day stochastic at 82.14% and the average true range at 0.0636, the RSI (14) stands at 64.08%. The stock has reached 0.0483 on the 9-day MACD Oscillator while the 14-day reading was at 0.0861.

Analyst Ratings

The consensus rating for GoldMining Inc. (GLDG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GLDG, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is GLDG’s price target for the next 12 months?

Analysts predict a range of price targets between $3.45 and $4.75, with a median target of $4.10. Taking a look at these predictions, the average price target given by analysts for GoldMining Inc. (GLDG) stock is $4.10.

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