GoldMining Inc's latest earnings report shows a significant miss, raising concerns about its operational efficiency and future prospects.
On July 27, 2026, GoldMining Inc (GOLD.TO) reported its fiscal results for the period ending May 31, 2026. The company posted an earnings per share (EPS) of -$0.0395, which was worse than the estimated loss of -$0.03, marking a 31.67% negative surprise. This continues a trend of mixed results for the company, which has struggled to stay profitable amid fluctuating gold prices and operational challenges.
Recent earnings trend
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GoldMining Inc
GOLD.TO
GOLD.TO
GoldMining Inc
WealthAwesomeMarket cap
$251.32M
52W high
$3.10
52W low
$1.08
1W change
-0.85%
Beta
1.79
Analyst Price Targets
Based on analyst covering GOLD
Wall Street analysts forecast GOLD stock price to rise 233.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$3.90
+233.3% Upside
Current Price
C$1.17
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
49.3%
Annualized
90-Day Vol
56.6%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$0.98
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$1.10 | C$0.93 – C$1.31 |
| 60 trading days | C$1.04 | C$0.82 – C$1.32 |
| 90 trading days | C$0.98 | C$0.73 – 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: Investors should note GoldMining's disappointing earnings, highlighting the challenges the company faces in a competitive market. While the recent filing of a technical report for the São Jorge Project suggests potential for future growth, the current financial results raise immediate concerns that could affect investor sentiment.
EPS Misses Estimates by 31.67%
GoldMining's EPS of -$0.0395 contrasts sharply with the estimate of -$0.03, reflecting ongoing challenges in achieving profitability.
Bull case
GoldMining's recent technical report on the São Jorge Project shows strong economic potential, with a projected after-tax NPV of $532 million at a $3,500 gold price. If the company can successfully advance this project, it could significantly boost its revenue streams and market position.
Bear case
The significant earnings miss raises concerns about GoldMining's operational efficiency and its ability to manage costs effectively. With a negative EPS trend and a profit margin of 0.00%, investors may worry about the company's short-term viability and long-term growth prospects.
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