G Mining Ventures Corp. Just Missed Earnings - But Analysts Have Updated Their Models
The analysts might have been a bit too bullish on G Mining Ventures Corp. (TSE:GMIN), given that the company fell short of expectations when it released its first-quarter results last week. Unfortunately, G Mining Ventures delivered a serious earnings miss. Revenues of US$95m were 14% below expectations, and statutory earnings per share of US$0.11 missed estimates by 48%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
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Following the latest results, G Mining Ventures' seven analysts are now forecasting revenues of US$523.7m in 2025. This would be a huge 115% improvement in revenue compared to the last 12 months. Per-share earnings are expected to shoot up 120% to US$0.89. In the lead-up to this report, the analysts had been modelling revenues of US$537.3m and earnings per share (EPS) of US$1.08 in 2025. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a real cut to earnings per share numbers.
See our latest analysis for G Mining Ventures
The average price target climbed 5.6% to CA$25.33despite the reduced earnings forecasts, suggesting that this earnings impact could be a positive for the stock, once it passes. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values G Mining Ventures at CA$32.00 per share, while the most bearish prices it at CA$22.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the G Mining Ventures' past performance and to peers in the same industry. The analysts are definitely expecting G Mining Ventures' growth to accelerate, with the forecast 178% annualised growth to the end of 2025 ranking favourably alongside historical growth of 90% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 14% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that G Mining Ventures is expected to grow much faster than its industry.
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for G Mining Ventures. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for G Mining Ventures going out to 2027, and you can see them free on our platform here..
However, before you get too enthused, we've discovered 1 warning sign for G Mining Ventures that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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