GoldMining Inc. (GLDG): Here Are Some Research Recommendations

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GoldMining Inc. (AMEX:GLDG) traded with an addition of $0.04 to close at $1.13 on Friday, an upside of 3.61 percent. An average of 886,503 shares of common stock have been traded in the last five days. There was a fall of -$0.0634 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,873,371 shares traded, while the 50-day average volume stands at 1,420,782.

GLDG stock has decreased by -20.44% in the last month. The company shares reached their 1-month lowest point of $1.0800 on 12/30/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $0.76 and a high of $2.02 in 52 weeks. It has reached a new high 13 times so far this year and lost -9.17% or -$0.0734 in price. In spite of this, the price is down -44.09% from the 52-week high.


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Financial Health

Its gross profit as reported stood at $0.12 million compared to revenue of -$86.7 million.

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 29 December was 41.58%, suggesting the stock is Neutral, with historical volatility in this time frame at 79.20%.

As of today, GLDG’s price is $1.1393 -5.33% or -$0.0634 from its 5-day moving average. GLDG is currently trading -20.10% lower than its 20-day SMA and +12.66% higher than its 100-day SMA. However, the stock’s current price level is +32.39% above the SMA50 and -33.34% below the SMA200.

The stochastic %K and %D were 20.73% and 20.95%, respectively, and the average true range (ATR) was 0.0925. With the 14-day stochastic at 13.71% and the average true range at 0.0945, the RSI (14) stands at 45.71%. The stock has reached -0.0485 on the 9-day MACD Oscillator while the 14-day reading was at -0.0842.

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 $3.11 and $3.85, with a median target of $3.48. Taking a look at these predictions, the average price target given by analysts for GoldMining Inc. (GLDG) stock is $3.48.

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