GCM Mining - GCM Stock Forecast, Price & News

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. It also owns interest in the Zancudo project located in the Titiribí mining district of Antioquia. In addition, the company holds interests in the Marmato project in Colombia; Juby project located in Ontario, Canada; and Toroparu project in the western Guyana gold district. The company was formerly known as Gran Colombia Gold Corp. and changed its name to GCM Mining Corp. in November 2021. GCM Mining Corp. is headquartered in Toronto, Canada.

GCM Mining Stock Up 1.4 %

Shares of TSE:GCM traded up C$0.05 during mid-day trading on Monday, reaching C$3.68. 157,944 shares of the company were exchanged, compared to its average volume of 293,527. The company has a quick ratio of 5.87, a current ratio of 6.33 and a debt-to-equity ratio of 63.83. The stock has a market cap of C$360.80 million and a price-to-earnings ratio of 10.08. GCM Mining has a 1 year low of C$3.13 and a 1 year high of C$6.13. The firm has a 50-day moving average of C$3.71 and a 200 day moving average of C$4.81.

GCM Mining (TSE:GCM - Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The company reported C$0.18 earnings per share for the quarter, missing analysts' consensus estimates of C$0.61 by C($0.43). The company had revenue of C$128.35 million during the quarter. On average, research analysts expect that GCM Mining will post 0.96 earnings per share for the current year.

GCM Mining Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 29th will be given a dividend of $0.015 per share. This represents a $0.18 annualized dividend and a yield of 4.89%. The ex-dividend date is Thursday, July 28th. GCM Mining's dividend payout ratio is currently 39.88%.

Wall Street Analyst Weigh In

GCM has been the subject of several research reports. Canaccord Genuity Group upped their target price on GCM Mining from C$9.75 to C$10.00 in a report on Friday, April 22nd. Fundamental Research restated a "buy" rating and set a C$10.24 price objective on shares of GCM Mining in a research note on Wednesday, May 25th.

Insider Activity at GCM Mining

In other GCM Mining news, insider Gran Colombia Gold Corp. bought 80,000 shares of GCM Mining stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average cost of C$4.01 per share, with a total value of C$321,168.00. Following the transaction, the insider now directly owns 181,700 shares of the company's stock, valued at approximately C$729,452.82. Insiders have acquired 205,400 shares of company stock valued at $868,110 in the last ninety days.