H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on GoldMining (GLDG – Research Report) today and set a price target of $5.25. The company’s shares closed yesterday at $0.91.
According to TipRanks, Ihle is an analyst with an average return of -16.1% and a 26.65% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Golden Minerals Co, and Endeavour Silver.
GoldMining has an analyst consensus of Moderate Buy, with a price target consensus of $5.25.
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Based on GoldMining’s latest earnings release for the quarter ending May 31, the company reported a quarterly GAAP net loss of $6.92 million. In comparison, last year the company had a GAAP net loss of $2.86 million
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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. Its project portfolio includes Sao Jorge, Cachoeira, Boa Vista, Surubim, Batistao, Montes Aureos, Trinta, Whistler, Yellowknife Gold, Rea, La Mina, Titiribi, and Crucero. The company was founded by Amir Adnani on September 9, 2009 and is headquartered in Vancouver, Canada.
