Goldmining Stock Net Asset
| GOLD Stock | CAD 1.23 0.02 1.60% |
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 | Net Asset |
GoldMining Company Net Asset Analysis
GoldMining's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current GoldMining Net Asset | 136.88 M |
Most of GoldMining's fundamental indicators, such as Net Asset, 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 Net Asset 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 Net Asset. 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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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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GoldMining Total Assets
Total Assets |
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Based on the recorded statements, GoldMining has a Net Asset of 136.88 M. This is much higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The net asset for all Canada stocks is notably lower than that of the firm.
GoldMining Net Asset 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 Net Asset 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 net asset 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 | 224.16 M | ||||
| Shares Outstanding | 190.94 M | ||||
| Shares Owned By Insiders | 4.90 % | ||||
| Shares Owned By Institutions | 8.87 % | ||||
| Number Of Shares Shorted | 226.68 K | ||||
| Price To Book | 2.05 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) | ||||
| Short Ratio | 1.32 X | ||||
| Earnings Per Share | (0.13) X | ||||
| Target Price | 5.25 | ||||
| Number Of Employees | 38 | ||||
| Beta | 1.38 | ||||
| Market Capitalization | 234.86 M | ||||
| Total Asset | 136.88 M | ||||
| Retained Earnings | 20.18 M | ||||
| Working Capital | 21.38 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.
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.