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

GCM Mining Corp. (TSE:GCM – Get Rating) declared a monthly dividend on Monday, April 18th, Zacks reports. Shareholders of record on Friday, April 29th will be paid a dividend of 0.015 per share on Monday, May 16th. This represents a $0.18 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Thursday, April 28th.

Shares of GCM opened at C$5.90 on Tuesday. The company has a quick ratio of 8.06, a current ratio of 8.59 and a debt-to-equity ratio of 63.77. The firm has a market capitalization of C$577.61 million and a P/E ratio of 3.78. GCM Mining has a fifty-two week low of C$4.50 and a fifty-two week high of C$6.13. The business’s 50-day simple moving average is C$5.72.

In other news, Director Jaime Perez sold 25,000 shares of the business’s stock in a transaction on Monday, April 11th. The shares were 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 of the company’s stock, valued at approximately C$163,956.35.

GCM has been the subject of a number of recent research reports. Fundamental Research reissued a “buy” rating and set a C$10.04 price objective (up from C$9.17) on shares of GCM Mining in a research note on Wednesday, April 13th. Canaccord Genuity Group lifted their target price on shares of GCM Mining from C$9.50 to C$9.75 in a research note 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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