Highland Gold Mining (HGM) Stock Rating Reaffirmed by Numis Securities

Highland Gold Mining (LON:HGM)‘s stock had its “buy” rating reissued by equities researchers at Numis Securities in a research note issued on Monday, Digital Look reports. They presently have a GBX 250 ($3.27) price target on the stock. Numis Securities’ target price indicates a potential upside of 45.26% from the stock’s current price.

Shares of Highland Gold Mining stock traded down GBX 4.10 ($0.05) during mid-day trading on Monday, reaching GBX 172.10 ($2.25). 798,265 shares of the stock traded hands, compared to its average volume of 1,390,000. Highland Gold Mining has a fifty-two week low of GBX 125.10 ($1.63) and a fifty-two week high of GBX 192.90 ($2.52). The stock has a market capitalization of $627.99 million and a P/E ratio of 8.20. The company has a debt-to-equity ratio of 25.57, a current ratio of 1.81 and a quick ratio of 0.65.

In other Highland Gold Mining news, insider Valery Oyf sold 1,932,033 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of GBX 164 ($2.14), for a total transaction of £3,168,534.12 ($4,140,251.04).

Highland Gold Mining Company Profile

Highland Gold Mining Limited is engaged in establishing a portfolio of gold mining operations within the Russian Federation. The Company operates in four segments: gold production, polymetallic concentrate production, development and exploration, and other. The gold production segment comprises two segments, namely Mnogovershinnoye (MNV) and Belaya Gora (BG).

Featured Article: Asset Allocation, Balancing Your Investments

Receive News & Ratings for Highland Gold Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highland Gold Mining and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply