Lundin Gold Inc. (TSE:LUG) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Lundin Gold Inc. (TSE:LUG - Get Free Report) have earned a consensus recommendation of "Hold" from the twelve analysts that are currently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$44.00.

LUG has been the topic of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of Lundin Gold from C$45.00 to C$62.00 in a research report on Friday. Cormark downgraded Lundin Gold from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Jefferies Financial Group increased their price objective on Lundin Gold from C$36.00 to C$45.00 in a report on Friday, April 4th. Desjardins boosted their target price 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. Finally, Royal Bank of Canada upped their target price on Lundin Gold from C$37.00 to C$42.00 in a report on Friday, April 4th.

Insider Buying and Selling

In related news, Senior Officer Sheila Margaret Colman sold 14,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of C$40.40, for a total value of C$585,824.65. Also, Director Ian Gibbs sold 14,200 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$41.40, for a total value of C$587,880.00. Insiders have sold 133,150 shares of company stock valued at $5,499,984 in the last 90 days. Company insiders own 58.72% of the company's stock.

Lundin Gold Trading Down 17.6%

Shares of Lundin Gold stock opened at C$55.89 on Tuesday. The firm has a market capitalization of C$9.54 billion, a PE ratio of 31.37 and a beta of 1.23. Lundin Gold has a 12 month low of C$18.48 and a 12 month high of C$67.80. The business's 50-day moving average price is C$49.53 and its 200-day moving average price is C$39.64.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th were issued a $0.43 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Lundin Gold's previous quarterly dividend of $0.20. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.08%. Lundin Gold's dividend payout ratio 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.

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