GoldMining (TSE:GOLD) Stock Jumps 1.9% – Here’s What Happened

GoldMining Inc. (TSE:GOLD)’s share price was up 1.9% on Thursday. The company traded as high as C$1.09 and last traded at C$1.06. 267,300 shares traded hands during trading, a decline of 43% from the average daily volume of 465,324 shares. The stock had previously closed at C$1.04.

Wall Street Analyst Weigh In

Separately, Ventum Financial set a C$4.30 target price on GoldMining and gave the company a “buy” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$4.30.

GoldMining Trading Up 4.7%

The company has a current ratio of 17.38, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of C$239.19 million, a PE ratio of -6.17 and a beta of 2.05. The firm has a 50-day moving average price of C$1.28 and a 200-day moving average price of C$1.57.

GoldMining (TSE:GOLD) last released its earnings results on Wednesday, October 14th. The company reported C($0.05) earnings per share for the quarter. As a group, equities analysts forecast that GoldMining Inc. will post -0.06 EPS for the current fiscal year.

About GoldMining

GoldMining Inc is a public mineral exploration company focused on acquiring and developing gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the U.SA, Brazil, Colombia, and Peru.