Lundin Gold Inc. (TSE:LUG) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Lundin Gold Inc. has received an average rating of "Reduce" from analysts, with one sell recommendation and twelve hold recommendations from the covering research firms.
• The company's recent dividend payout was $0.2075 per share, reflecting a yield of 1.1%, with a payout ratio of 60.06%.
• Insiders have sold 57,056 shares of Lundin Gold stock in the last three months, amounting to over C$3.7 million in total transactions.

Lundin Gold Inc. (TSE:LUG - Get Free Report) has received an average rating of "Reduce" from the thirteen research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$58.95.

A number of research analysts recently commented on LUG shares. National Bankshares cut Lundin Gold from an "outperform" rating to a "sector perform" rating and raised their price target for the stock from C$67.75 to C$89.00 in a research report on Tuesday, June 24th. BMO Capital Markets lifted their target price on Lundin Gold from C$45.00 to C$62.00 in a research report on Friday, May 9th. Raymond James Financial boosted their price target on Lundin Gold from C$53.00 to C$65.00 in a report on Thursday, August 21st. Royal Bank Of Canada boosted their price target on Lundin Gold from C$50.00 to C$54.00 in a report on Wednesday, June 4th. Finally, National Bank Financial cut Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, June 23rd.

Insider Buying and Selling

In related news, Director Pablo Mir sold 15,000 shares of Lundin Gold stock in a transaction that occurred on Tuesday, June 10th. The stock was 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 Lundin Gold stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of C$75.05, for a total value of C$105,070.00. Insiders have sold a total of 57,056 shares of company stock valued at $3,706,044 over the last ninety days. 58.72% of the stock is owned by company insiders.

Lundin Gold Stock Performance

Shares of TSE LUG traded up C$3.68 during mid-day trading on Thursday, reaching C$84.18. The company had a trading volume of 1,127,761 shares, compared to its average volume of 678,961. Lundin Gold has a one year low of C$25.76 and a one year high of C$84.30. The firm has a market cap of C$14.37 billion, a price-to-earnings ratio of 47.25 and a beta of 1.23. The business's 50-day simple moving average is C$71.58 and its 200 day simple moving average is C$58.77.

Lundin Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th were paid a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 10th. Lundin Gold's payout ratio is currently 60.06%.

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.