GoldMining Inc. (GLDG) Secures a Buy Rating After Boa Vista Agreement

GoldMining Inc. (NYSE:GLDG) is among the fundamentally strong penny stocks to invest in. H.C. Wainwright has reaffirmed its Buy rating and $3.25 price target on GoldMining Inc. (NYSE:GLDG), citing the earn-in agreement announcement for the company’s Boa Vista project.

Earlier on July 1, 2025, GoldMining Inc. (NYSE:GLDG) signed an agreement with Australian Mines Limited, enabling the latter to own as much as an 80% stake in the Boa Vista project for cash and equity payments worth $7.0 million. The terms of the agreement reveal that Australian Mines has secured the right to earn a 51% ownership in the project in a span of three years as it allocates at least A$4.5 million toward exploration activities, including completing 6,000 meters of diamond core drilling and making an annual cash payment of $250,000 over the specified time.

The research firm pointed out that this collaboration would allow GoldMining Inc. (NYSE:GLDG) to monetize its asset base while steering more funds toward its flagship initiatives, as it would lead to the creation of a joint venture with the company retaining 49%.

GoldMining Inc. (NYSE:GLDG) is a Canadian mineral exploration company that acquires and develops gold and copper assets in the Americas. Among the company’s core projects are the La Mina Gold Project, Titiribi Gold-Copper Project, Whistler Gold-Copper Project, and São Jorge Gold Project. Incorporated in 2009, the company is centered on sustainable growth.

While we acknowledge the potential of GLDG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.