12 Best Fundamentally Strong Penny Stocks to Invest in

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7. GoldMining Inc. (NYSE:GLDG)

Upside Potential as of July 4, 2025: 317.58%

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.

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