Lundin Gold Inc. (TSE:LUG - Get Free Report) Senior Officer Chester See sold 5,800 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of C$40.92, for a total value of C$237,321.50.
Shares of LUG traded down C$0.36 on Friday, hitting C$39.86. The company's stock had a trading volume of 789,650 shares, compared to its average volume of 371,498. The firm's fifty day moving average price is C$35.32 and its 200-day moving average price is C$32.29. Lundin Gold Inc. has a fifty-two week low of C$15.40 and a fifty-two week high of C$41.74. The firm has a market capitalization of C$6.80 billion, a price-to-earnings ratio of 22.37 and a beta of 1.23.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.72 dividend on an annualized basis and a yield of 4.32%. This is an increase from Lundin Gold's previous quarterly dividend of $0.20. Lundin Gold's dividend payout ratio is 60.06%.
A number of analysts have recently commented on LUG shares. TD Securities upped their price target on Lundin Gold from C$40.00 to C$46.00 and gave the company a "buy" rating in a research note on Thursday. Desjardins upped their price target on Lundin Gold from C$38.00 to C$42.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. CIBC upped their price target on Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. Cormark cut Lundin Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Jefferies Financial Group cut Lundin Gold from a "buy" rating to a "hold" rating and lowered their price target for the company from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$35.18.
Check Out Our Latest Report on LUG
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.
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