H.C. Wainwright reduced its price target for GoldMining Inc. to $2.75. The previous price objective was $3.75. The firm maintained a buy rating on the shares.
The revision follows a delay in the production timeline for the São Jorge Project in Brazil. The company now anticipates first production in 2031. This timeline replaces the previous 2030 estimate. The update follows the June 11, 2026, release of a Preliminary Economic Assessment.
The new target implies a potential upside of approximately 236% from the previous closing price.