Pablo Mir Sells 8,000 Shares of Lundin Gold Inc. (TSE:LUG) Stock

Lundin Gold Inc. (TSE:LUG) Director Pablo Mir sold 8,000 shares of Lundin Gold stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of C$57.50, for a total value of C$460,000.00.

Lundin Gold Stock Performance

Shares of TSE LUG opened at C$55.22 on Thursday. Lundin Gold Inc. has a fifty-two week low of C$18.48 and a fifty-two week high of C$67.80. The company has a market cap of C$9.43 billion, a PE ratio of 31.00 and a beta of 1.23. The business has a 50-day simple moving average of C$50.10 and a two-hundred day simple moving average of C$39.88.

Lundin Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 26th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.20. This represents a $1.72 dividend on an annualized basis and a yield of 3.11%. Lundin Gold’s dividend payout ratio (DPR) is currently 60.06%.

Analyst Upgrades and Downgrades

LUG has been the topic of several recent research reports. Desjardins increased their price target on shares of Lundin Gold from C$38.00 to C$42.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Jefferies Financial Group upped their price objective on Lundin Gold from C$36.00 to C$45.00 in a research note on Friday, April 4th. Raymond James lifted their target price on Lundin Gold from C$32.00 to C$43.00 in a research report on Friday, April 4th. Scotiabank upped their price target on Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. Finally, Cibc World Mkts downgraded Lundin Gold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 20th. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lundin Gold currently has an average rating of “Hold” and a consensus target price of C$44.00.

About Lundin Gold

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.