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GoldMining (GLDG) Receives a Rating Update from a Top Analyst

Tipranks - Tue Mar 17, 5:26AM CDT

In a report released on March 13, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on GoldMining, with a price target of $3.75. The company’s shares closed last Friday at C$1.91.

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Ihle covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Hecla Mining Company, and Gold Resource. According to TipRanks, Ihle has an average return of 60.9% and a 70.23% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GoldMining with a $3.28 average price target.

Based on GoldMining’s latest earnings release for the quarter ending November 30, the company reported a quarterly GAAP net loss of C$6.94 million. In comparison, last year the company had a GAAP net loss of C$8.65 million

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