GoldMining Inc. (GLDG)
Basic Materials · ASE
Fundamentals
Valuation and ratings
GoldMining Inc. trades at USD0.83, close to the USD0.79 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 10 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
GLDG earnings and analyst estimates
Recommendation mix, 3 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About GoldMining Inc.
GoldMining Inc., a mineral exploration company, engages in the acquisition, exploration, and development of projects in Canada, the United States, Brazil, Colombia, and Peru. The company explores for gold, copper, silver, and uranium deposits. Its principal projects include the 100% owned La Mina gold project, which comprises two concessions covering 3,208 hectares located southwest of Medellin in the Department of Antioquia, Colombia; the 100% owned Titiribi gold-copper project, which covers an area of 3,919 hectares located southwest of Medellín in the Department of Antioquia, Colombia; the 100% owned São Jorge gold project, which comprises eight exploration permits totaling 46,485 hectares located in the Tapajós Gold District in Pará State, Brazil; and the Whistler gold-copper project, which covers an area totaling 53,700 acres located northwest of Anchorage in Alaska, the United States. The company was formerly known as Brazil Resources Inc. and changed its name to GoldMining Inc. in December 2016. GoldMining Inc. was incorporated in 2009 and is headquartered in Vancouver, Canada.
Super investor ownership
7 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$4.63M · 0.0% of book
- Marshall Wace, MARSHALL WACE, LLP$923.5K · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$723.8K · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$630.7K · 0.0% of book
- Ruffer LLP, Ruffer LLP$479.6K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is GoldMining Inc. (GLDG) undervalued?
Against our discounted cash flow estimate of USD0.79, GLDG at USD0.83 is 5% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own GLDG?
7 of the institutions we track reported a position in GLDG in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
The full research page for GLDG, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.