Lundin Gold Inc. (TSE:LUG) Senior Officer Sells C$413,226.00 in Stock

Lundin Gold Inc. (TSE:LUG) Senior Officer Sheila Margaret Colman sold 9,900 shares of Lundin Gold stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$41.74, for a total value of C$413,226.00.

Lundin Gold Stock Performance

TSE LUG opened at C$40.22 on Friday. The stock has a market capitalization of C$6.87 billion, a P/E ratio of 22.58 and a beta of 1.23. Lundin Gold Inc. has a 52 week low of C$15.32 and a 52 week high of C$41.74. The stock has a fifty day moving average of C$35.14 and a 200-day moving average of C$32.23.

Lundin Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were given a $0.20 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.99%. Lundin Gold’s payout ratio is 60.06%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets cut shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 10th. Scotiabank lifted their target price on shares of Lundin Gold from C$30.00 to C$31.50 in a research note on Wednesday, January 15th. Royal Bank of Canada boosted their target price on Lundin Gold from C$31.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Cormark cut Lundin Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Jefferies Financial Group lowered Lundin Gold from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. Seven 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$35.18.

Lundin Gold Company Profile

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.