Goldmining Stock Performance
| GOLD Stock | CAD 1.22 0.03 2.40% |
GoldMining has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GoldMining are expected to decrease at a much lower rate. During the bear market, GoldMining is likely to outperform the market. GoldMining right now retains a risk of 2.34%. Please check out GoldMining coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if GoldMining will be following its current trending patterns.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in GoldMining are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, GoldMining is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Short Interest in GoldMining Inc. Drops By 6.7 percent - MarketBeat | 09/18/2024 |
2 | GoldMining Announces New Technical Report Release - TipRanks | 11/21/2024 |
| Begin Period Cash Flow | 5.4 M |
GoldMining |
GoldMining Relative Risk vs. Return Landscape
If you would invest 117.00 in GoldMining on August 27, 2024 and sell it today you would earn a total of 5.00 from holding GoldMining or generate 4.27% return on investment over 90 days. GoldMining is generating 0.0928% of daily returns and assumes 2.3365% volatility on return distribution over the 90 days horizon. Simply put, 20% of stocks are less volatile than GoldMining, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
GoldMining Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoldMining's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as GoldMining, and traders can use it to determine the average amount a GoldMining's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0397
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | GOLD | High Risk | Huge Risk |
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Estimated Market Risk
| 2.34 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average GoldMining is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GoldMining by adding it to a well-diversified portfolio.
GoldMining Fundamentals Growth
GoldMining Stock prices reflect investors' perceptions of the future prospects and financial health of GoldMining, and GoldMining fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on GoldMining Stock performance.
| Return On Equity | -0.21 | ||||
| Return On Asset | -0.12 | ||||
| Current Valuation | 222.25 M | ||||
| Shares Outstanding | 190.94 M | ||||
| Price To Book | 2.03 X | ||||
| EBITDA | (25.8 M) | ||||
| Net Income | (28.76 M) | ||||
| Cash And Equivalents | 8 M | ||||
| Cash Per Share | 0.06 X | ||||
| Total Debt | 395 K | ||||
| Current Ratio | 6.29 X | ||||
| Book Value Per Share | 0.60 X | ||||
| Cash Flow From Operations | (22.72 M) | ||||
| Earnings Per Share | (0.13) X | ||||
| Market Capitalization | 232.95 M | ||||
| Total Asset | 136.88 M | ||||
| Retained Earnings | 20.18 M | ||||
| Working Capital | 21.38 M | ||||
About GoldMining Performance
By examining GoldMining's fundamental ratios, stakeholders can obtain critical insights into GoldMining's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that GoldMining is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 417.84 | 371.42 | |
| Return On Tangible Assets | (0.19) | (0.20) | |
| Return On Capital Employed | (0.17) | (0.18) | |
| Return On Assets | (0.19) | (0.20) | |
| Return On Equity | (0.20) | (0.21) |
Things to note about GoldMining performance evaluation
Checking the ongoing alerts about GoldMining for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for GoldMining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| GoldMining may become a speculative penny stock | |
| GoldMining has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (28.76 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| GoldMining has accumulated about 8 M in cash with (22.72 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Latest headline from news.google.com: GoldMining Announces New Technical Report Release - TipRanks |
- Analyzing GoldMining's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether GoldMining's stock is overvalued or undervalued compared to its peers.
- Examining GoldMining's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating GoldMining's management team can have a significant impact on its success or failure. Reviewing the track record and experience of GoldMining's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of GoldMining's stock. These opinions can provide insight into GoldMining's potential for growth and whether the stock is currently undervalued or overvalued.
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.