GoldMining Inc's latest earnings report shows a significant miss on EPS estimates, raising concerns for investors.
GoldMining Inc (GOLD.TO) reported its fiscal results for the period ending May 31, 2026, on July 27, 2026. The company posted an earnings per share (EPS) of -0.0395, which is 31.67% lower than the consensus estimate of -0.03. This disappointing performance highlights a tough quarter for the company, which is still facing challenges in the volatile gold market.
Recent earnings trend
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GoldMining Inc
GOLD.TO
GOLD.TO
GoldMining Inc
WealthAwesomeMarket cap
$249.17M
52W high
$3.10
52W low
$1.05
1W change
-3.28%
Beta
1.79
Analyst Price Targets
Based on analyst covering GOLD
Wall Street analysts forecast GOLD stock price to rise 230.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$3.90
+230.5% Upside
Current Price
C$1.18
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
47.9%
Annualized
90-Day Vol
56.2%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$0.99
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$1.11 | C$0.94 – C$1.31 |
| 60 trading days | C$1.05 | C$0.83 – C$1.32 |
| 90 trading days | C$0.99 | C$0.74 – C$1.31 |
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% |
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Investor takeaway: The recent earnings miss may raise questions about GoldMining Inc's operational efficiency and strategic direction, especially regarding its ongoing projects in Brazil. Investors should keep an eye on upcoming developments and the overall market environment for gold.
GoldMining Inc Reports EPS of -0.0395, Missing Estimates by 31.7%
This marks the second consecutive quarter of negative EPS for GoldMining, underscoring ongoing challenges in achieving profitability amid fluctuating gold prices.
Bull case
GoldMining's ongoing projects, particularly the positive Preliminary Economic Assessment for the São Jorge Project, could offer substantial long-term value if managed well. Analysts have a bullish consensus target of C$3.90, indicating significant upside potential if the company can enhance its financial performance.
Bear case
The substantial earnings miss raises concerns about the company's efficiency and cost management, especially in a challenging gold market. With a negative EPS trend, investors may need to reconsider their positions due to potential further volatility.
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