GoldMining Inc's recent earnings report shows a significant miss on EPS estimates, raising questions about its operational efficiency amidst ongoing projects.
On July 27, 2026, GoldMining Inc (GOLD.TO) reported its fiscal results for the period ending May 31, 2026, revealing an earnings per share (EPS) of -0.0395, which fell short of the estimated -0.03 by 31.67%. This disappointing performance has caught the attention of investors, especially given the company's recent activities in Brazil.
Recent earnings trend
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GoldMining Inc
GOLD.TO
GOLD.TO
GoldMining Inc
WealthAwesomeMarket cap
$253.46M
52W high
$3.10
52W low
$1.05
1W change
+1.65%
Beta
1.79
Analyst Price Targets
Based on analyst covering GOLD
Wall Street analysts forecast GOLD stock price to rise 217.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$3.90
+217.1% Upside
Current Price
C$1.23
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on GOLD's historical volatility
30-Day Vol
47.6%
Annualized
90-Day Vol
55.6%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$1.03
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$1.16 | C$0.98 – C$1.37 |
| 60 trading days | C$1.09 | C$0.87 – C$1.38 |
| 90 trading days | C$1.03 | C$0.77 – C$1.37 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-05-31 | 2026-07-27 | -0.0395 | -0.0300 | -31.7% |
| 2026-02-28 | 2026-04-10 | -0.0300 | -0.0300 | +0.0% |
| 2025-11-30 | 2026-02-27 | -0.0400 | -0.0300 | -33.3% |
| 2025-08-31 | 2025-10-10 | 0.0019 | -0.0300 | +106.3% |
| 2025-05-31 | 2025-07-14 | -0.0100 | -0.0300 | +66.7% |
| 2025-02-28 | 2025-04-11 | -0.0200 | -0.0300 | +33.3% |
Investor takeaway: With this recent earnings miss and ongoing projects, investors should keep a close eye on GoldMining's operational updates and market conditions, particularly considering its significant cash reserves and potential growth from new projects.
GoldMining's EPS Misses Estimates by 31.67%
The company's EPS of -0.0395 contrasts sharply with the expected -0.03, marking a significant deviation from analyst expectations and reflecting ongoing challenges in its operations.
Bull case
GoldMining has a strong balance sheet, with about US$185 million in cash and publicly traded securities. This positions the company well for future exploration and development. Positive assessments from its São Jorge Project could unlock substantial value.
Bear case
The substantial earnings miss raises concerns about operational challenges and cost management. Investors may question the viability of current projects if performance does not improve, especially in a competitive mining landscape.
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