Lundin Gold Inc. (TSE:LUG) Given Consensus Recommendation of "Hold" by Analysts

Lundin Gold Inc. (TSE:LUG - Get Free Report) has received an average recommendation of "Hold" from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$50.91.

Several analysts have recently weighed in on the company. CIBC boosted their price target on Lundin Gold from C$44.00 to C$46.00 in a report on Thursday, April 17th. Cibc World Mkts downgraded shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 20th. BMO Capital Markets boosted their target price on shares of Lundin Gold from C$45.00 to C$62.00 in a report on Friday, May 9th. Raymond James Financial raised their price target on shares of Lundin Gold from C$32.00 to C$43.00 in a research note on Friday, April 4th. Finally, National Bank Financial lowered shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, June 23rd.

Insiders Place Their Bets

In other news, Director Pablo Mir sold 15,000 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of C$66.44, for a total value of C$996,550.50. Also, Senior Officer Sheila Margaret Colman sold 1,400 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of C$75.05, for a total transaction of C$105,070.00. Insiders have sold 65,056 shares of company stock valued at $4,166,044 in the last three months. 58.72% of the stock is currently owned by insiders.

Lundin Gold Trading Up 0.4%

Lundin Gold stock traded up C$0.28 during mid-day trading on Wednesday, reaching C$71.86. The company had a trading volume of 402,640 shares, compared to its average volume of 656,531. The business has a fifty day simple moving average of C$65.21 and a 200 day simple moving average of C$48.67. The company has a market cap of C$12.27 billion, a P/E ratio of 40.34 and a beta of 1.23. Lundin Gold has a fifty-two week low of C$20.40 and a fifty-two week high of C$75.19.

Lundin Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 25th were paid a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, June 10th. Lundin Gold's dividend payout ratio (DPR) is presently 60.06%.

Lundin Gold Company Profile

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.