Jaime Perez Sells 25,000 Shares of GCM Mining Corp. (TSE:GCM) Stock

GCM Mining Corp. (TSE:GCMGet Rating) Director Jaime Perez sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of C$5.59, for a total value of C$139,780.00. Following the sale, the director now directly owns 29,324 shares in the company, valued at approximately C$163,956.35.

TSE GCM opened at C$5.91 on Friday. The stock has a market capitalization of C$578.59 million and a P/E ratio of 3.81. GCM Mining Corp. has a 1 year low of C$4.50 and a 1 year high of C$6.13. The business’s fifty day moving average is C$5.70 and its two-hundred day moving average is C$5.36. The company has a debt-to-equity ratio of 63.77, a quick ratio of 8.06 and a current ratio of 8.59.

The business also recently declared a monthly dividend, which will be paid on Friday, April 15th. Shareholders of record on Thursday, March 31st will be issued a $0.015 dividend. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $0.18 annualized dividend and a dividend yield of 3.05%. GCM Mining’s dividend payout ratio is currently 9.24%.

GCM has been the topic of several recent analyst reports. Fundamental Research reissued a “buy” rating and set a C$10.04 target price (up previously from C$9.17) on shares of GCM Mining in a report on Wednesday. Canaccord Genuity Group upped their price target on GCM Mining from C$9.50 to C$9.75 in a report on Friday, March 25th.

About GCM Mining (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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