Lundin Gold Inc. (TSE:LUG) Senior Officer Chester See Sells 5,800 Shares

Lundin Gold Inc. (TSE:LUG) Senior Officer Chester See sold 5,800 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$40.92, for a total value of C$237,321.50.

Lundin Gold Stock Down 0.9 %

Shares of Lundin Gold stock opened at C$39.86 on Friday. The stock has a market cap of C$6.80 billion, a price-to-earnings ratio of 22.37 and a beta of 1.23. Lundin Gold Inc. has a twelve month low of C$15.40 and a twelve month high of C$41.74. The company’s fifty day moving average is C$35.50 and its 200 day moving average is C$32.34.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th will be paid a $0.43 dividend. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.72 annualized dividend and a dividend yield of 4.32%. Lundin Gold’s dividend payout ratio is presently 60.06%.

Analyst Ratings Changes

Several brokerages have commented on LUG. Jefferies Financial Group downgraded Lundin Gold from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. Desjardins lifted their price target on shares of Lundin Gold from C$38.00 to C$42.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Scotiabank increased their price objective on shares of Lundin Gold from C$30.00 to C$31.50 in a research note on Wednesday, January 15th. TD Securities boosted their target price on shares of Lundin Gold from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, BMO Capital Markets downgraded shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lundin Gold currently has an average rating of “Moderate Buy” and a consensus price target of C$35.18.

About Lundin Gold

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.