Sheila Margaret Colman Sells 14,600 Shares of Lundin Gold (TSE:LUG) Stock

Key Points

• Insider Sheila Margaret Colman sold 14,600 shares of Lundin Gold for a total of C$1,189,754, reducing her ownership by 28.26% to 37,068 shares.
• Lundin Gold announced an increase in its quarterly dividend to $0.675 per share, yielding 2.9%, with the ex-dividend date set for September 10th.
• Analysts have downgraded Lundin Gold's stock, with a majority now holding a "Hold" rating and an average price target reduced to C$58.95.

Lundin Gold Inc. (TSE:LUG - Get Free Report) insider Sheila Margaret Colman sold 14,600 shares of Lundin Gold stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$81.49, for a total transaction of C$1,189,754.00. Following the sale, the insider directly owned 37,068 shares of the company's stock, valued at approximately C$3,020,671.32. This trade represents a 28.26% decrease in their ownership of the stock.

Sheila Margaret Colman also recently made the following trade(s):

• On Monday, June 23rd, Sheila Margaret Colman sold 1,400 shares of Lundin Gold stock. The stock was sold at an average price of C$75.05, for a total transaction of C$105,070.00.

Lundin Gold Price Performance

Shares of Lundin Gold stock traded down C$4.08 during trading on Friday, hitting C$88.14. 963,308 shares of the stock were exchanged, compared to its average volume of 694,165. The stock has a market cap of C$21.27 billion, a price-to-earnings ratio of 34.70 and a beta of 1.15. The firm's 50-day moving average price is C$76.09 and its 200 day moving average price is C$63.30. Lundin Gold Inc. has a 12-month low of C$28.43 and a 12-month high of C$97.67.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 25th will be given a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 3.1%. This is a boost from Lundin Gold's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, September 10th. Lundin Gold's dividend payout ratio is presently 45.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. National Bankshares cut shares of Lundin Gold from an "outperform" rating to a "sector perform" rating and boosted their price target for the company from C$67.75 to C$89.00 in a research report on Tuesday, June 24th. TD Securities cut shares of Lundin Gold from a "strong-buy" rating to a "hold" rating and boosted their price target for the company from C$65.00 to C$73.00 in a research report on Wednesday, July 16th. Royal Bank Of Canada boosted their price target on shares of Lundin Gold from C$50.00 to C$54.00 in a research report on Wednesday, June 4th. National Bank Financial cut shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. Finally, Veritas cut shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, June 9th. Twelve analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of C$58.95.

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.