Highland Gold Mining’s (HGM) “Buy” Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reiterated their buy rating on shares of Highland Gold Mining Ltd (LON:HGM) in a report published on Tuesday morning. They currently have a GBX 230 ($2.85) target price on the stock.
Shares of Highland Gold Mining (LON:HGM) traded down 1.16% during midday trading on Tuesday, reaching GBX 149.00. 1,526,250 shares of the company’s stock traded hands. Highland Gold Mining has a 52-week low of GBX 48.25 and a 52-week high of GBX 164.75. The company has a 50 day moving average of GBX 132.07 and a 200 day moving average of GBX 110.99. The firm’s market cap is GBX 484.58 million.
The company also recently announced a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, October 6th will be issued a GBX 5 ($0.06) dividend. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 3.66%. This is an increase from Highland Gold Mining’s previous dividend of $2.50.
About Highland Gold Mining
Highland Gold Mining Limited is engaged in building a portfolio of gold mining operations within the Russian Federation and Kyrgyzstan. The Company operates through four segments: Gold production, Polymetallic concentrate production, Development and exploration and Other. The Gold production segment consists of two segments, namely Mnogovershinnoye (MNV) and Belaya Gora (BG).
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