Goldmining Stock Short Ratio
| GLDG Stock | USD 0.86 0.03 3.37% |
GoldMining fundamentals help investors to digest information that contributes to GoldMining's financial success or failures. It also enables traders to predict the movement of GoldMining Stock. The fundamental analysis module provides a way to measure GoldMining's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to GoldMining stock.
GoldMining | Short Ratio |
GoldMining Company Short Ratio Analysis
GoldMining's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current GoldMining Short Ratio | 3.10 X |
Most of GoldMining's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, GoldMining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
GoldMining Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for GoldMining is extremely important. It helps to project a fair market value of GoldMining Stock properly, considering its historical fundamentals such as Short Ratio. Since GoldMining's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of GoldMining's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of GoldMining's interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
GoldMining Discontinued Operations
Discontinued Operations |
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Based on the latest financial disclosure, GoldMining has a Short Ratio of 3.1 times. This is 22.5% lower than that of the Metals & Mining sector and 4.73% higher than that of the Materials industry. The short ratio for all United States stocks is 22.5% higher than that of the company.
GoldMining Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses GoldMining's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of GoldMining could also be used in its relative valuation, which is a method of valuing GoldMining by comparing valuation metrics of similar companies.GoldMining is currently under evaluation in short ratio category among its peers.
GoldMining Current Valuation Drivers
We derive many important indicators used in calculating different scores of GoldMining from analyzing GoldMining's financial statements. These drivers represent accounts that assess GoldMining's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of GoldMining's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 155.8M | 397.2M | 248.0M | 286.5M | 257.9M | 270.8M | |
| Enterprise Value | 149.3M | 388.5M | 249.0M | 287.3M | 258.5M | 271.5M |
GoldMining Fundamentals
| Return On Equity | -0.21 | ||||
| Return On Asset | -0.12 | ||||
| Current Valuation | 158.97 M | ||||
| Shares Outstanding | 190.94 M | ||||
| Shares Owned By Insiders | 5.04 % | ||||
| Shares Owned By Institutions | 8.47 % | ||||
| Number Of Shares Shorted | 1.81 M | ||||
| Price To Earning | 1.64 X | ||||
| Price To Book | 2.06 X | ||||
| EBITDA | (23.2 M) | ||||
| Net Income | (28.76 M) | ||||
| Cash And Equivalents | 4.02 M | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 395 K | ||||
| Debt To Equity | 0.08 % | ||||
| Current Ratio | 0.42 X | ||||
| Book Value Per Share | 0.60 X | ||||
| Cash Flow From Operations | (21.83 M) | ||||
| Short Ratio | 3.10 X | ||||
| Earnings Per Share | (0.09) X | ||||
| Target Price | 5.25 | ||||
| Number Of Employees | 38 | ||||
| Beta | 1.38 | ||||
| Market Capitalization | 176.92 M | ||||
| Total Asset | 136.88 M | ||||
| Retained Earnings | 20.18 M | ||||
| Working Capital | 21.38 M | ||||
| Current Asset | 10 K | ||||
| Current Liabilities | 1.5 M | ||||
| Net Asset | 136.88 M |
About GoldMining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze GoldMining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of GoldMining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of GoldMining based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When determining whether GoldMining is a strong investment it is important to analyze GoldMining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GoldMining's future performance. For an informed investment choice regarding GoldMining Stock, refer to the following important reports:Check out GoldMining Piotroski F Score and GoldMining Altman Z Score analysis. For more detail on how to invest in GoldMining Stock please use our How to Invest in GoldMining guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoldMining. If investors know GoldMining will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoldMining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.09) | Return On Assets (0.12) | Return On Equity (0.21) |
The market value of GoldMining is measured differently than its book value, which is the value of GoldMining that is recorded on the company's balance sheet. Investors also form their own opinion of GoldMining's value that differs from its market value or its book value, called intrinsic value, which is GoldMining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoldMining's market value can be influenced by many factors that don't directly affect GoldMining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoldMining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.