(GLDG) GoldMining - Overview
Stock: Gold, Copper, Exploration
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 101% |
| Relative Tail Risk | -13.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.13 |
| Alpha | 64.38 |
| Character TTM | |
|---|---|
| Beta | 0.425 |
| Beta Downside | -0.204 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.87% |
| CAGR/Max DD | 0.20 |
Description: GLDG GoldMining January 17, 2026
GoldMining Inc. (NYSE MKT: GLDG) is a Vancouver-based mineral exploration firm focused on acquiring, exploring, and developing gold- and copper-rich assets across the Americas. The company, incorporated in 2009 and formerly known as Brazil Resources Inc., rebranded in December 2016.
Its project slate spans five jurisdictions: the La Mina Gold Project and Titiribi Gold-Copper Project in Colombia; the Whistler Gold-Copper Project in Alaska, USA; the São Jorge Gold Project in Pará, Brazil; plus additional early-stage targets in Canada and Peru. All projects remain at the resource-stage, with La Mina reporting a measured and indicated resource of approximately 1.2 Moz of gold (2023 NI 43-101) and Titiribi holding a combined gold-copper resource of roughly 800,000 oz Au and 12 Mt Cu.
As of the latest quarter (Q4 2023), GoldMining reported a cash balance of US$12 million and a burn rate of about US$2 million per month, giving it roughly six months of runway without additional financing. Recent drilling at La Mina returned a best intercept of 4.5 g/t Au over 12 m, suggesting potential upside to the current resource estimate. The company’s capital efficiency metric-cost per ounce of inferred resource added-averages US$500/oz, which is competitive within the junior mining sector.
Broader market forces that could affect GLDG include the persistent upside in gold prices driven by inflation hedging demand (gold up ~15 % year-to-date) and a structural copper deficit linked to electric-vehicle battery production, which may lift copper prices by 5-10 % annually. For a deeper quantitative assessment of GLDG’s risk-adjusted upside, you may find the ValueRay platform’s proprietary valuation model worth a look.
Piotroski VR‑10 (Strict, 0-10) 0.5
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.16 > 0.02 and ΔFCF/TA 3.22 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.16 > 3% & CFO -29.9m > Net Income -15.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 3.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (199.3m) vs 12m ago 5.43% < -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: -113.5 > 6 (EBITDA TTM -11.1m / Interest Expense TTM 101.0k) |
Altman Z'' 10.00
| A: 0.03 (Total Current Assets 8.91m - Total Current Liabilities 2.95m) / Total Assets 182.6m |
| B: -0.04 (Retained Earnings -7.73m / Total Assets 182.6m) |
| C: -0.08 (EBIT TTM -11.5m / Avg Total Assets 152.1m) |
| D: 36.17 (Book Value of Equity 161.7m / Total Liabilities 4.47m) |
| Altman-Z'' Score: 37.55 = AAA |
What is the price of GLDG shares?
Over the past week, the price has changed by -6.58%, over one month by +6.77%, over three months by +2.16% and over the past year by +70.98%.
Is GLDG a buy, sell or hold?
- StrongBuy: 0
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the GLDG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 3.3 | 134.5% |
| Analysts Target Price | 3.3 | 134.5% |
| ValueRay Target Price | 1.6 | 14.8% |
GLDG Fundamental Data Overview February 03, 2026
P/B = 3.0464
Revenue TTM = 0.0 CAD
EBIT TTM = -11.5m CAD
EBITDA TTM = -11.1m CAD
Long Term Debt = 322.0k CAD (from capitalLeaseObligations, last quarter)
Short Term Debt = 97.0k CAD (from shortTermDebt, last quarter)
Debt = 322.0k CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = -6.13m CAD (from netDebt column, last quarter)
Enterprise Value = 448.7m CAD (455.5m + Debt 322.0k - CCE 7.12m)
Interest Coverage Ratio = -113.5 (Ebit TTM -11.5m / Interest Expense TTM 101.0k)
EV/FCF = -15.03x (Enterprise Value 448.7m / FCF TTM -29.9m)
FCF Yield = -6.66% (FCF TTM -29.9m / Enterprise Value 448.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 361.4k) / Revenue TTM)
Tobins Q-Ratio = 2.46 (Enterprise Value 448.7m / Total Assets 182.6m)
Interest Expense / Debt = 11.49% (Interest Expense 37.0k / Debt 322.0k)
Taxrate = 21.0% (US default 21%)
NOPAT = -9.05m (EBIT -11.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.02 (Total Current Assets 8.91m / Total Current Liabilities 2.95m)
Debt / Equity = 0.00 (Debt 322.0k / totalStockholderEquity, last quarter 176.9m)
Debt / EBITDA = 0.55 (negative EBITDA) (Net Debt -6.13m / EBITDA -11.1m)
Debt / FCF = 0.21 (negative FCF - burning cash) (Net Debt -6.13m / FCF TTM -29.9m)
Total Stockholder Equity = 132.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -9.97% (Net Income -15.2m / Total Assets 182.6m)
RoE = -11.41% (Net Income TTM -15.2m / Total Stockholder Equity 132.9m)
RoCE = -8.60% (EBIT -11.5m / Capital Employed (Equity 132.9m + L.T.Debt 322.0k))
RoIC = -6.81% (negative operating profit) (NOPAT -9.05m / Invested Capital 132.9m)
WACC = 7.48% (E(455.5m)/V(455.8m) * Re(7.48%) + D(322.0k)/V(455.8m) * Rd(11.49%) * (1-Tc(0.21)))
Discount Rate = 7.48% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 4.27%
Fair Price DCF = unknown (Cash Flow -29.9m)
EPS Correlation: 2.32 | EPS CAGR: 10.98% | SUE: 0.51 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: 0.0% | SUE: 0.0 | # QB: 0
EPS next Year (2026-11-30): EPS=-0.13 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=-40.1% | Growth Revenue=+0.0%