GCM Mining (TSE:GCM) Given New C$10.00 Price Target at Canaccord Genuity Group

GCM Mining (TSE:GCMGet Rating) had its target price hoisted by research analysts at Canaccord Genuity Group from C$9.75 to C$10.00 in a research note issued on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 78.89% from the company’s previous close.

Separately, Fundamental Research reaffirmed a “buy” rating and set a C$10.04 price objective (up previously from C$9.17) on shares of GCM Mining in a report on Wednesday, April 13th.

TSE:GCM traded down C$0.09 during trading hours on Friday, hitting C$5.59. 152,599 shares of the stock were exchanged, compared to its average volume of 318,246. The company’s 50 day moving average is C$5.74 and its two-hundred day moving average is C$5.39. GCM Mining has a twelve month low of C$4.50 and a twelve month high of C$6.13. 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 company has a market capitalization of C$547.26 million and a P/E ratio of 3.58.

In other news, Director Jaime Perez sold 25,000 shares of the stock in a transaction 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 transaction, the director now owns 29,324 shares of the company’s stock, valued at approximately C$163,956.35.

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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