GoldMining Inc's recent earnings report reveals significant challenges as the company falls short of expectations.
GoldMining Inc (TSX: GOLD) reported its latest earnings on October 14, 2026, for the fiscal period ending August 31, 2026. The results were disappointing, with the company posting an EPS of -$0.05, missing the consensus estimate of -$0.03 by 66.7%. This continues a troubling trend, as GoldMining has not met earnings estimates in any of the last four quarters.
Recent earnings trend
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GoldMining Inc
GOLD.TO
GOLD.TO
GoldMining Inc
WealthAwesomeMarket cap
$242.72M
52W high
$3.10
52W low
$1.12
1W change
-11.72%
Beta
1.85
Analyst Price Targets
Based on analyst covering GOLD · as of Sep 21, 2026
Wall Street analysts forecast GOLD stock price to rise 280.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.30
+280.5% Upside
Previously C$4.10 on Sep 17, 2026
Current Price
C$1.13
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on GOLD's historical volatility
30-Day Vol
41.6%
Annualized
90-Day Vol
50.6%
Annualized
Trend (90d)
-28.7%
Annualized drift
90d Mean
C$1.02
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$1.09 | C$0.95 – C$1.26 |
| 60 trading days | C$1.06 | C$0.86 – C$1.29 |
| 90 trading days | C$1.02 | C$0.80 – 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.
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Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-11-30 | 2027-02-26 | — | -0.0300 | — |
| 2026-08-31 | 2026-10-14 | -0.0500 | -0.0300 | -66.7% |
| 2026-05-31 | 2026-07-28 | -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% |
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Investor takeaway: For Canadian investors considering GoldMining, this earnings miss highlights ongoing difficulties in achieving profitability. The company’s consistent failure to meet expectations may raise concerns about its operational efficiency and market position in the metals and mining sector.
Bull case
Despite the earnings miss, GoldMining is pushing forward with its São Jorge Gold Project in Brazil. They’ve appointed an experienced project director to oversee pre-feasibility activities, which could set the stage for future growth if the project turns out well.
Bear case
GoldMining's ongoing struggle to meet earnings estimates raises concerns about its operational performance. With a market cap of about CAD 253 million and a consistently negative EPS, the company may find it hard to gain investor confidence in the near future.
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