GoldMining (TSE:GOLD) Stock Price Down 4.1% – Time to Sell?

GoldMining Inc. (TSE:GOLD) shares dropped 4.1% during mid-day trading on Wednesday. The company traded as low as C$1.15 and last traded at C$1.18. 593,288 shares changed hands during trading, an increase of 24% from the average session volume of 479,578 shares. The stock had previously closed at C$1.23.

Wall Street Analyst Weigh In

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

GoldMining Stock Performance

The firm has a market cap of C$247.02 million, a price-to-earnings ratio of -9.58 and a beta of 1.94. The company has a quick ratio of 0.37, a current ratio of 39.65 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of C$1.42 and a 200 day moving average of C$1.45.

GoldMining (TSE:GOLD) last issued its quarterly earnings data on Tuesday, July 14th. The company reported C($0.04) earnings per share for the quarter. As a group, equities research analysts expect 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.