Lundin Gold Inc. (TSE:LUG - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$74.99 and last traded at C$73.14, with a volume of 130731 shares trading hands. The stock had previously closed at C$72.99.
Analyst Ratings Changes
A number of analysts have recently commented on LUG shares. BMO Capital Markets lifted their price target on Lundin Gold from C$45.00 to C$62.00 in a research note on Friday, May 9th. Raymond James raised their price objective on shares of Lundin Gold from C$32.00 to C$43.00 in a report on Friday, April 4th. Veritas lowered shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 9th. TD Securities upped their price target on shares of Lundin Gold from C$58.00 to C$65.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, National Bankshares raised their price target on shares of Lundin Gold from C$66.50 to C$67.75 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$48.98.
View Our Latest Analysis on LUG
Lundin Gold Price Performance
The company's 50-day moving average price is C$59.88 and its two-hundred day moving average price is C$45.10. The company has a market capitalization of C$12.30 billion, a price-to-earnings ratio of 40.43 and a beta of 1.23.
Lundin Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th will be given a dividend of $0.2075 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.83 annualized dividend and a dividend yield of 1.15%. Lundin Gold's payout ratio is 60.06%.
Insider Buying and Selling
In other news, Senior Officer Terrence Smith sold 40,656 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of C$64.06, for a total value of C$2,604,423.36. Also, Director Pablo Mir sold 15,000 shares of the business's 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. Insiders sold 63,656 shares of company stock valued at $4,060,974 over the last 90 days. Company insiders own 58.72% of the company's stock.
About Lundin Gold
(
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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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