H.C. Wainwright Reaffirms Their Buy Rating on GoldMining Inc (GOLD)


Today, an analyst has provided a rating update for GoldMining Inc (GOLD). Analyst Heiko Ihle from H.C. Wainwright rated GoldMining Inc (GOLD) a Buy, setting a C$5 price target.

Ihle said:

“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 ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.6% and a 38.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.

GoldMining Inc has an analyst consensus of Moderate Buy, with a price target consensus of C$5.

Based on GoldMining Inc’s latest earnings release for the quarter ending February 28, the company reported a quarterly GAAP net loss of C$1.56 million. In comparison, last year the company had a GAAP net loss of C$1.53 million.

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 Wednesday at C$0.91.

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