(GLDG) GoldMining - Overview
Sector: Basic Materials | Industry: Gold | Exchange: NYSE MKT (USA) | Market Cap: 233m USD | Total Return: 46.1% in 12m
Avg Turnover: 2.35M
Qual. Beats: 0
Qual. Beats: 0
Warnings
High Debt while negative Cash Flow
Interest Coverage Ratio -193.0 is critical
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
GoldMining Inc. (GLDG) is a Vancouver-based mineral exploration company focused on the acquisition and development of gold, copper, silver, and uranium assets across the Americas. The company maintains a portfolio of projects in Canada, the United States, Brazil, Colombia, and Peru, including its flagship La Mina and Titiribi projects in Colombia and the Whistler project in Alaska.
Operating within the junior mining sector, the company utilizes a buy-and-hold strategy to acquire resource-stage projects during market downturns to minimize exploration risk. This business model relies on the appreciation of underlying commodity prices and the advancement of project feasibility to create shareholder value. Detailed performance metrics and valuation models for this sector are available on ValueRay.
The companys geographic diversification provides exposure to multiple regulatory environments and geological districts, such as the Tapajós Gold District in Brazil. Formerly known as Brazil Resources Inc., the firm rebranded in 2016 to reflect its broader focus on global gold and base metal deposits.
- Gold price fluctuations directly impact valuation of undeveloped mineral resource portfolio
- Successful drill results at La Mina and Whistler projects drive speculative interest
- Strategic monetization of equity stakes in subsidiaries provides non-dilutive working capital
- Regulatory and political stability in Colombia affects Titiribi and La Mina development
- Rising exploration and development costs increase capital expenditure requirements for junior miners
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.13 > 0.02 and ΔFCF/TA 5.49 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.13 > 3% & CFO -34.1m > Net Income -15.6m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 20.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (211.8m) vs 12m ago 8.53% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 0.0%; Δ 0.0% > 0%) |
| Interest Coverage Ratio: -193.0 > 6 (EBITDA TTM -13.4m / Interest Expense TTM 71.0k) |
| A: 0.21 (Total Current Assets 55.5m - Total Current Liabilities 2.72m) / Total Assets 254.2m |
| B: -0.05 (Retained Earnings -13.3m / Total Assets 254.2m) |
| C: -0.07 (EBIT TTM -13.7m / Avg Total Assets 189.0m) |
| D: 24.00 (Book Value of Equity 241.6m / Total Liabilities 10.1m) |
| Altman-Z'' = 25.90 = AAA |
As of May 29, 2026, the stock is trading at USD 1.11 with a total of 2,126,535 shares traded.
Over the past week, the price has changed by +0.00%,
over one month by -5.93%,
over three months by -35.09% and
over the past year by +46.05%.
GoldMining has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy GLDG.
- StrongBuy: 0
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 3.6 | 223.4% |
Market Cap CAD = 321.5m (233.3m USD * 1.3781 USD.CAD)
P/B = 1.3272
Revenue TTM = 0.0 CAD
EBIT TTM = -13.7m CAD
EBITDA TTM = -13.4m CAD
Long Term Debt = 173k CAD (estimated: total debt 275k - short term 102k)
Short Term Debt = 102k CAD (from shortTermDebt, last quarter)
Debt = 275k CAD (from shortLongTermDebtTotal, last quarter) (leases 275k already included)
Net Debt = -53.6m CAD (calculated: Debt 275k - CCE 53.9m)
Enterprise Value = 267.8m CAD (321.5m + Debt 275k - CCE 53.9m)
Interest Coverage Ratio = -193.0 (Ebit TTM -13.7m / Interest Expense TTM 71.0k)
EV/FCF = -7.86x (Enterprise Value 267.8m / FCF TTM -34.1m)
FCF Yield = -12.72% (FCF TTM -34.1m / Enterprise Value 267.8m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 338k) / Revenue TTM)
Tobins Q-Ratio = 1.05 (Enterprise Value 267.8m / Total Assets 254.2m)
Interest Expense / Debt = 25.82% (Interest Expense 71.0k / Debt 275k)
Taxrate = 21.0% (US default 21%)
NOPAT = -10.8m (EBIT -13.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 20.42 (Total Current Assets 55.5m / Total Current Liabilities 2.72m)
Debt / Equity = 0.00 (Debt 275k / totalStockholderEquity, last quarter 241.6m)
Debt / EBITDA = 4.01 (negative EBITDA) (Net Debt -53.6m / EBITDA -13.4m)
Debt / FCF = 1.57 (negative FCF - burning cash) (Net Debt -53.6m / FCF TTM -34.1m)
Total Stockholder Equity = 192.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -8.23% (Net Income -15.6m / Total Assets 254.2m)
RoE = -7.57% (Net Income TTM -15.6m / Total Stockholder Equity 205.6m)
RoCE = -6.66% (EBIT -13.7m / Capital Employed (Equity 205.6m + L.T.Debt 173k))
RoIC = -4.30% (negative operating profit) (NOPAT -10.8m / Invested Capital 251.6m)
WACC = 8.45% (E(321.5m)/V(321.7m) * Re(8.44%) + D(275k)/V(321.7m) * Rd(25.82%) * (1-Tc(0.21)))
Discount Rate = 8.44% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 6.65%
[DCF] Fair Price = unknown (Cash Flow -34.1m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: 0.0 | # QB: 0
EPS current Quarter (2026-05-31): EPS=-0.03 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS next Quarter (2026-08-31): EPS=-0.03 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-11-30): EPS=-0.13 | Chg30d=-3.63% | Revisions=N/A | GrowthEPS=-83.6% | GrowthRev=+0.0%
EPS next Year (2027-11-30): EPS=-0.11 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+14.4% | GrowthRev=+0.0%