GLDG Basic Materials

GoldMining Inc.

$0.72+0.00%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Basic Materials
Industry: Gold
Country: Canada
Market cap: 154.7M USD
Enterprise value: 97.5M USD
Full-time employees: 43

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 1.85 vs a peer median of 0.69)bigger price swings (beta 1.85 vs peers 0.69)
Not enough data: growth

Would rank #958 of 1,217 fully scored basic materials companies (bottom 22%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Not profitable yet. Reported a loss in the 12 months to November 2025.
GoldMining reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Financials may be out of date. Latest financial period ended 11 months ago.
The latest financial period we have ended 11 months ago, so the scores may not reflect recent results.
Little borrowing. Debt is 0.00× equity vs a peer median of 0.4×.Debt is 0.00× equity vs peers 0.4×.
GoldMining has among the least debt in its peer group relative to shareholders' equity.
More volatile share price. Beta 1.85: tends to move more than the market.
GoldMining's shares have swung more with the market than most peers' (beta 1.85, above the market's 1.0).

StockQuotient Score

35/ 100

Oct 5 35 → Nov 4 35

Valuation

Is the price right?

8/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-6.2%

SEC filings (IFRS mapped) · 12 months to Nov 2025 · CAD→USD at the current rateNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yield-22.1%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · CAD→USD convertedNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0854 · MAD: 0.0520

Free cash flow yield-12.6%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · CAD→USD converted · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield104.4%

SEC filings (IFRS mapped) · latest balance sheet · CAD→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

5/100

Weak▲ 1 since Oct 27 close

2/3 inputs reported · Partial data

Since last year: No major change

Why it changed since the Oct 27, 2026 close: Score 4 → 5

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ ROIC
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating marginUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0757 · MAD: 0.0617

Return on assets-5.7%

SEC filings (IFRS mapped) · 12 months to Nov 2025Reported value33% base weight · Z-score -3.07Sector median: 0.0249 · MAD: 0.0265

Return on invested capital-10.3%

SEC filings (IFRS mapped) · 12 months to Nov 2025Reported value33% base weight · Z-score -2.96Sector median: 0.0675 · MAD: 0.0575

Other data (not scored)

Gross margin0.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202

Return on equity-5.9%

SEC filings (IFRS mapped) · 12 months to Nov 2025Reported valueInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.85

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.96Sector median: 0.6950 · MAD: 0.2810

Current ratio9.48×

SEC filings (IFRS mapped) · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 10.36Sector median: 1.7610 · MAD: 0.6770

Debt / equity<0.01×

Yahoo Finance fallback · no standard SEC debt tagOutlier capped at sector 5th/95th percentile33% base weight · Z-score 1.21Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about GoldMining

Is GoldMining getting weaker?: Its latest SEC filing (Feb 27, 2026) showed no major changes. Its overall score is unchanged at 35/100 since Oct 28, 2026.
How is GoldMining valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -6.2% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -6.2% vs peers 3.6% (weaker than 100% of peers).
Is GoldMining growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is GoldMining?: Less profitable than most of its peers. Profitability scores 5/100 against 1,371 basic materials peers. Return on invested capital -10.3% vs a peer median of 6.7% (weaker than 94% of peers).Return on invested capital -10.3% vs peers 6.7% (weaker than 94% of peers).
How risky is GoldMining?: Lower risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Current ratio 9.48× vs a peer median of 1.76× (stronger than 95% of peers).Current ratio 9.48× vs peers 1.76× (stronger than 95% of peers). Beta 1.85 vs a peer median of 0.69 (weaker than 100% of peers).Beta 1.85 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Nov 30, 2025 · filed Feb 27, 2026 · compared with the year ended Nov 30, 2024

No major changes

Worth watching: GoldMining is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous year	Latest year	Change
Net income (12 months)	−25.3M CAD	−13.5M CAD	−46.7%
Cash	11.9M CAD	24.9M CAD	+109.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CAD, as reported

Key ratios	FY Nov 2021	FY Nov 2022	FY Nov 2023	FY Nov 2024	FY Nov 2025	Change
Return on assets (ROA)	50.1%	-9.0%	-21.0%	-20.9%	-5.7%	▲ 15 pts
Return on equity (ROE)	57.1%	-9.8%	-22.3%	-22.2%	-5.9%	▲ 16 pts
Current ratio	0.90×	0.84×	10.12×	3.14×	9.48×	▲ 201%
Debt to equity	0.00×	—	—	—	—	—
Interest coverage	744.47×	-7.82×	-19.96×	-521.96×	—	—

GLDG price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 1.85 vs a peer median of 0.69)bigger price swings (beta 1.85 vs peers 0.69)

Not enough data: growth

Would rank #958 of 1,217 fully scored basic materials companies (bottom 22%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Not profitable yet. Reported a loss in the 12 months to November 2025.

GoldMining reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Financials may be out of date. Latest financial period ended 11 months ago.

The latest financial period we have ended 11 months ago, so the scores may not reflect recent results.

Little borrowing. Debt is 0.00× equity vs a peer median of 0.4×.Debt is 0.00× equity vs peers 0.4×.

GoldMining has among the least debt in its peer group relative to shareholders' equity.

More volatile share price. Beta 1.85: tends to move more than the market.

GoldMining's shares have swung more with the market than most peers' (beta 1.85, above the market's 1.0).

Questions investors ask about GoldMining

Is GoldMining getting weaker?

Its latest SEC filing (Feb 27, 2026) showed no major changes. Its overall score is unchanged at 35/100 since Oct 28, 2026.

How is GoldMining valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -6.2% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -6.2% vs peers 3.6% (weaker than 100% of peers).

Is GoldMining growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is GoldMining?

Less profitable than most of its peers. Profitability scores 5/100 against 1,371 basic materials peers. Return on invested capital -10.3% vs a peer median of 6.7% (weaker than 94% of peers).Return on invested capital -10.3% vs peers 6.7% (weaker than 94% of peers).

How risky is GoldMining?

Lower risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Current ratio 9.48× vs a peer median of 1.76× (stronger than 95% of peers).Current ratio 9.48× vs peers 1.76× (stronger than 95% of peers). Beta 1.85 vs a peer median of 0.69 (weaker than 100% of peers).Beta 1.85 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Net income (12 months)

−25.3M CAD

−13.5M CAD

−46.7%

Cash

11.9M CAD

24.9M CAD

+109.9%

Key ratios

FY Nov 2021

FY Nov 2022

FY Nov 2023

FY Nov 2024

FY Nov 2025

Change

Return on assets (ROA)

50.1%

-9.0%

-21.0%

-20.9%

-5.7%

▲ 15 pts

Return on equity (ROE)

57.1%

-9.8%

-22.3%

-22.2%

-5.9%

▲ 16 pts

Current ratio

0.90×

0.84×

10.12×

3.14×

9.48×

▲ 201%

Debt to equity

0.00×

—

Interest coverage

744.47×

-7.82×

-19.96×

-521.96×

—