Lundin Gold Inc. (TSE:LUG) Plans Quarterly Dividend of $0.21

Lundin Gold Inc. (TSE:LUG - Get Free Report) declared a quarterly dividend on Tuesday, June 10th, TickerTech Dividends reports. Stockholders of record on Wednesday, June 25th will be paid a dividend of 0.2075 per share on Wednesday, June 25th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, June 10th.

Lundin Gold Trading Up 1.1%

Shares of LUG stock opened at C$71.87 on Friday. The business's fifty day simple moving average is C$57.21 and its 200-day simple moving average is C$43.71. The company has a market cap of C$12.27 billion, a PE ratio of 40.34 and a beta of 1.23. Lundin Gold has a 12-month low of C$18.48 and a 12-month high of C$74.91.

Insider Buying and Selling at Lundin Gold

In other Lundin Gold news, Senior Officer Terrence Smith sold 40,656 shares of the company's stock in a transaction dated 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. Also, Director Pablo Mir sold 8,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of C$57.50, for a total transaction of C$460,000.00. 58.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group upped their price target on Lundin Gold from C$36.00 to C$45.00 in a research report on Friday, April 4th. CIBC boosted their price objective on shares of Lundin Gold from C$44.00 to C$46.00 in a report on Thursday, April 17th. National Bankshares boosted their price objective on shares of Lundin Gold from C$66.50 to C$67.75 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Veritas raised shares of Lundin Gold to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, TD Securities boosted their price objective on shares of Lundin Gold from C$58.00 to C$65.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$48.98.

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.

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