GoldMining Inc (GOLD), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Heiko Ihle from H.C. Wainwright remains bullish on the stock and has a C$5 price target.
Ihle observed:
“We reiterate our Buy rating and our PT of C$5.00 per share. Our valuation remains based on a DCF of operations at São Jorge, utilizing a 10% discount rate. We add in-situ value to the firm’s other advanced assets, including Indicated resources and C$8/oz for Inferred resources.”
According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -4.3% and a 42.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Read also: Texas Mineral Resources (TMRC): This Rare Earth Metal Play Could See Substantial Upside
GoldMining Inc has an analyst consensus of Moderate Buy, with a price target consensus of C$5.
GoldMining Inc’s market cap is currently C$119.5M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.71.
GoldMining, Inc. engages in the acquisition, exploration, and development of mineral properties. The company operates through the following geographical segments: Canada, Brazil, United States, Paraguay, Colombia, and Peru.
The company’s shares closed on Monday at C$0.87.
