BCom BComm - GoldMining Member Corp
| GOLD Stock | CAD 1.22 0.03 2.40% |
Insider
BCom BComm is Member Corp of GoldMining
| Age | 57 |
| Address | 1188 West Georgia Street, Vancouver, BC, Canada, V6E 4A2 |
| Phone | 604 630 1000 |
| Web | https://www.goldmining.com |
GoldMining Management Efficiency
The company has return on total asset (ROA) of (0.1202) % which means that it has lost $0.1202 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.2068) %, meaning that it generated substantial loss on money invested by shareholders. GoldMining's management efficiency ratios could be used to measure how well GoldMining manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of November 2024, Return On Tangible Assets is likely to drop to -0.2. In addition to that, Return On Capital Employed is likely to drop to -0.18. At this time, GoldMining's Total Assets are very stable compared to the past year. As of the 25th of November 2024, Non Current Assets Total is likely to grow to about 136.6 M, while Net Tangible Assets are likely to drop about 91.1 M.Similar Executives
| Showing other executives | INSIDER Age | ||
| BSc LLB | SilverCrest Metals | 68 | |
| Douglas PGeo | Equinox Gold Corp | N/A | |
| Doug Reddy | Equinox Gold Corp | N/A | |
| P Eng | Equinox Gold Corp | 62 | |
| Paul Morris | First Mining Gold | N/A | |
| Jonah Townsend | Metalla Royalty Streaming | N/A | |
| Jeff MSc | First Mining Gold | N/A | |
| PEng CPG | SilverCrest Metals | 62 | |
| Jonathan Gilligan | Liberty Gold Corp | N/A | |
| John Drever | SilverCrest Metals | 80 | |
| LLB LLB | First Mining Gold | N/A | |
| Lenard Boggio | Equinox Gold Corp | 64 | |
| James PGeo | First Mining Gold | N/A | |
| Pierre Beaudoin | SilverCrest Metals | N/A | |
| Tim Breen | Equinox Gold Corp | 41 | |
| APGO MSc | Metalla Royalty Streaming | 63 | |
| Lisa Peterson | First Mining Gold | N/A | |
| Brian CFA | Liberty Gold Corp | N/A | |
| Marshall Koval | Equinox Gold Corp | 61 | |
| Timothy Breen | Equinox Gold Corp | 41 | |
| BSc CA | Liberty Gold Corp | N/A | |
Management Performance
| Return On Equity | -0.21 | ||||
| Return On Asset | -0.12 |
GoldMining Leadership Team
Elected by the shareholders, the GoldMining's board of directors comprises two types of representatives: GoldMining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GoldMining. The board's role is to monitor GoldMining's management team and ensure that shareholders' interests are well served. GoldMining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GoldMining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Katherine Arblaster, Social Environment | ||
| BCom BComm, Member Corp | ||
| Patrick Obara, CFO, Secretary | ||
| Alastair Still, Chief Officer | ||
| Amir Adnani, Chairman of the Board | ||
| YongJae LLB, General Counsel | ||
| Tim Smith, VP GoldMining |
GoldMining Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is GoldMining a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.21 | ||||
| Return On Asset | -0.12 | ||||
| Current Valuation | 222.25 M | ||||
| Shares Outstanding | 190.94 M | ||||
| Shares Owned By Insiders | 4.90 % | ||||
| Shares Owned By Institutions | 8.87 % | ||||
| Number Of Shares Shorted | 150.15 K | ||||
| Price To Book | 2.03 X | ||||
| EBITDA | (25.8 M) | ||||
| Net Income | (28.76 M) |
Pair Trading with GoldMining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoldMining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoldMining will appreciate offsetting losses from the drop in the long position's value.Moving against GoldMining Stock
The ability to find closely correlated positions to GoldMining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoldMining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoldMining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoldMining to buy it.
The correlation of GoldMining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoldMining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoldMining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GoldMining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoldMining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.