Highland Gold Mining Ltd (HGM) Price Target Raised to GBX 230

Highland Gold Mining Ltd (LON:HGM) had its target price raised by Numis Securities Ltd from GBX 210 ($2.74) to GBX 230 ($3.00) in a report published on Tuesday morning. The brokerage currently has a buy rating on the stock.

Shares of Highland Gold Mining (LON:HGM) opened at 153.75 on Tuesday. The stock has a 50 day moving average of GBX 129.87 and a 200-day moving average of GBX 105.93. The stock’s market capitalization is GBX 500.03 million. Highland Gold Mining has a one year low of GBX 47.35 and a one year high of GBX 156.75.

The firm also recently disclosed a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, October 6th will be issued a GBX 5 ($0.07) dividend. This represents a yield of 3.66%. This is an increase from Highland Gold Mining’s previous dividend of $2.50. The ex-dividend date of this dividend is Thursday, October 6th.

Highland Gold Mining Company Profile

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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