GCM Mining Corp. Declares Monthly Dividend of $0.02 (TSE:GCM)

GCM Mining Corp. (TSE:GCM – Get Rating) announced a monthly dividend on Thursday, June 16th, Zacks reports. Shareholders of record on Thursday, June 30th will be given a dividend of 0.015 per share on Friday, July 15th. This represents a $0.18 annualized dividend and a yield of 4.70%. The ex-dividend date is Wednesday, June 29th.

TSE GCM opened at C$3.83 on Friday. The business has a fifty day moving average price of C$4.83 and a two-hundred day moving average price of C$5.22. The company has a debt-to-equity ratio of 63.83, a current ratio of 6.33 and a quick ratio of 5.87. GCM Mining has a fifty-two week low of C$3.66 and a fifty-two week high of C$6.13. The stock has a market capitalization of C$375.51 million and a PE ratio of 4.90.

GCM Mining (TSE:GCM – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported C$0.18 EPS for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.43). The firm had revenue of C$128.35 million during the quarter. As a group, sell-side analysts expect that GCM Mining will post 0.9700001 earnings per share for the current year.

In other GCM Mining news, Director Jaime Perez sold 25,000 shares of the stock in a transaction dated Monday, April 11th. The stock was sold at an average price of C$5.59, for a total transaction of C$139,780.00. Following the completion of the sale, the director now directly owns 29,324 shares in the company, valued at approximately C$163,956.35. Also, insider Gran Colombia Gold Corp. purchased 80,000 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were acquired at an average price of C$4.01 per share, with a total value of C$321,168.00. Following the completion of the acquisition, the insider now owns 181,700 shares in the company, valued at approximately C$729,452.82. Insiders purchased 256,840 shares of company stock valued at $1,147,917 over the last 90 days.

A number of research analysts have recently commented on the company. Canaccord Genuity Group increased their price target on GCM Mining from C$9.75 to C$10.00 in a research note on Friday, April 22nd. Fundamental Research restated a “buy” rating and issued a C$10.24 price objective on shares of GCM Mining in a report on Wednesday, May 25th.

GCM Mining Company Profile (Get Rating)

GCM Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold and silver properties primarily in Colombia. The company holds interests in the Segovia operations comprising the El Silencio, Providencia, and Sandra K underground mines located in Colombia.

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