Hey guys, for people looking for information about mining/gold companies and stock ideas.
Fundamental Research released a new research report on GCM Mining Corp. TSX: GCM / OTCQX: TPRFF - formerly Gran Colombia Gold
The report focuses on the possibility of an acquisition; here are some highlights.
GCM is trading at a 60% discount to junior gold producers, and remains one of the very few dividend-paying junior gold miners. Its forward yield of 5.4% is 85% higher than the average of senior producers. Forward EV/EBITDA is 1.0x vs the comparables average of 3.4x.
Shareholders of both GCM and Aris Gold (TSX: ARIS) are meeting next month to vote on the proposed acquisition of Aris by GCM.
The analyst at Fundamental Research believe GCM shareholders are likely to approve the deal due to the attractive valuation metrics.
Finally, Fundamental Research’s analysts are expecting a rally in gold prices as the Fed is likely to take a less hawkish stance in its meeting next month due to weaker economic activities and GDP growth and as inflation has started to taper.
Check out the full report researchfrc.com
*past performance is not indicative of future performance.
Fundamental Research released a new research report on GCM Mining Corp. TSX: GCM / OTCQX: TPRFF - formerly Gran Colombia Gold
The report focuses on the possibility of an acquisition; here are some highlights.
GCM is trading at a 60% discount to junior gold producers, and remains one of the very few dividend-paying junior gold miners. Its forward yield of 5.4% is 85% higher than the average of senior producers. Forward EV/EBITDA is 1.0x vs the comparables average of 3.4x.
Shareholders of both GCM and Aris Gold (TSX: ARIS) are meeting next month to vote on the proposed acquisition of Aris by GCM.
The analyst at Fundamental Research believe GCM shareholders are likely to approve the deal due to the attractive valuation metrics.
Finally, Fundamental Research’s analysts are expecting a rally in gold prices as the Fed is likely to take a less hawkish stance in its meeting next month due to weaker economic activities and GDP growth and as inflation has started to taper.
Check out the full report researchfrc.com
*past performance is not indicative of future performance.
