Are Analysts Too Bullish On GoldMining Inc (GLDG)

GoldMining Inc (AMEX:GLDG) currently has a daily average trading volume of 603.56K but it saw 1367785 shares traded in last market. With a market cap of 181.93M USD, the company’s current market price of $0.96 came falling about -2.32 while comparing to the previous closing price of $0.99. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.08 and as low as $0.75. In the recent trading on the day, stock has struck highest price mark of $0.9612 while lowest mark touched by it was $0.99.

Taking a look at 20-day trading activity of GoldMining Inc (GLDG) gives us an average price of $0.9820, while its current price level is -10.74% below from 52-week high level whereas it is 28.53% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.8988 while that of 200 days or SMA-200 reads an average of $0.8800. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.40% during that period while stretching the period over a month that increases to 4.55%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.52 which implies that the stock is in neutral territory.

Over the week, GLDG’s stock price is moving -6.41% down while it is 8.93% when we observe its performance for the past one month. Year-to-date it is -1.05% down and over the past year, the stock is showing an upside performance of 23.81%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.03 beaten by the consensus estimate of -0.01 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of -0.01 while estimate for next year EPS is -0.06.

Currently, GoldMining Inc’s total number of outstanding shares is 183.26M. Company’s return on investment (ROI) stands at -18.31% and return on equity (ROE) at -17.82%. Stock’s beta reads 1.45. Stock has a price to book (P/B) ratio of 1.90. Its return on asset (ROA) is -16.57% on average.