GoldMining (TSE:GOLD) Shares Climb 1.9% – Should You Buy?

Shares of GoldMining Inc. (TSE:GOLD) were up 1.9% during mid-day trading on Thursday. The company traded as high as C$1.09 and last traded at C$1.06. Approximately 267,300 shares traded hands during trading, a decline of 43% from the average session volume of 465,324 shares. The stock had previously closed at C$1.04.

Wall Street Analyst Weigh In

Separately, Ventum Financial set a C$4.30 price target on GoldMining and gave the company a “buy” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, GoldMining currently has an average rating of “Buy” and an average target price of C$4.30.

GoldMining Price Performance

The firm has a market capitalization of C$228.41 million, a PE ratio of -5.89 and a beta of 2.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.37 and a current ratio of 17.38. The stock has a fifty day moving average price of C$1.29 and a 200-day moving average price of C$1.57.

GoldMining (TSE:GOLD) last released its quarterly earnings results on Wednesday, October 14th. The company reported C($0.05) EPS for the quarter. Sell-side analysts forecast that GoldMining Inc. will post -0.06 EPS for the current fiscal year.

About GoldMining

GoldMining Inc is a public mineral exploration company focused on acquiring and developing gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the U.SA, Brazil, Colombia, and Peru.