Zijin Mining Group (OTCMKTS:ZIJMY) Stock Price Up 3.4% – Time to Buy?

Zijin Mining Group Company Limited (OTCMKTS:ZIJMY)’s share price rose 3.4% during trading on Tuesday . The stock traded as high as $47.90 and last traded at $47.90. Approximately 53,971 shares changed hands during trading, an increase of 112% from the average daily volume of 25,402 shares. The stock had previously closed at $46.32.

Zijin Mining Group Price Performance

The firm’s fifty day moving average price is $44.26 and its 200-day moving average price is $41.52.

Zijin Mining Group Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, July 7th. Investors of record on Friday, May 23rd will be paid a $0.6475 dividend. The ex-dividend date is Thursday, May 22nd. This is a positive change from Zijin Mining Group’s previous dividend of $0.45. This represents a yield of 1.91%. Zijin Mining Group’s dividend payout ratio is presently 59.33%.

About Zijin Mining Group

Zijin Mining Group Company Limited, together with its subsidiaries, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally. It primarily produces gold bullion; gold, copper, zinc, lead, tungsten, and iron ore concentrates; and copper cathodes, zinc bullion, sulphuric acid, copperplate, silver, iron, etc., as well as molybdenum, cobalt, tin, coal, lithium, platinum, and palladium.