Lundin Gold Inc. (TSE:LUG - Get Free Report) Senior Officer Terrence Smith sold 40,656 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$64.06, for a total value of C$2,604,423.36.
Lundin Gold Trading Up 3.5%
Shares of LUG stock traded up C$2.29 on Monday, hitting C$68.60. 849,698 shares of the stock were exchanged, compared to its average volume of 595,353. The firm's 50 day moving average is C$54.60 and its two-hundred day moving average is C$42.45. Lundin Gold Inc. has a one year low of C$18.48 and a one year high of C$69.39. The firm has a market capitalization of C$11.71 billion, a PE ratio of 38.51 and a beta of 1.23.
Lundin Gold Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th will be paid a $0.2075 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.83 dividend on an annualized basis and a yield of 1.21%. Lundin Gold's dividend payout ratio is 60.06%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on LUG shares. TD Securities raised their target price on Lundin Gold from C$58.00 to C$65.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Desjardins increased their price target on Lundin Gold from C$38.00 to C$42.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. National Bankshares lifted their price objective on shares of Lundin Gold from C$66.50 to C$67.75 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. BMO Capital Markets upped their target price on shares of Lundin Gold from C$45.00 to C$62.00 in a research note on Friday, May 9th. Finally, Cormark lowered shares of Lundin Gold from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$47.89.
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Lundin Gold Company Profile
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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.
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