Shares of Lundin Gold Inc. (TSE:LUG - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as C$75.20 and last traded at C$75.13, with a volume of 437509 shares. The stock had previously closed at C$72.80.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Veritas cut shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 9th. Cormark cut shares of Lundin Gold from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Royal Bank Of Canada raised their price objective on shares of Lundin Gold from C$50.00 to C$54.00 in a report on Wednesday, June 4th. Desjardins cut shares of Lundin Gold from a "moderate buy" rating to a "hold" rating and raised their price objective for the stock from C$62.00 to C$70.00 in a report on Thursday, July 17th. Finally, National Bank Financial cut shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$54.18.
Check Out Our Latest Research Report on Lundin Gold
Lundin Gold Stock Performance
The business's 50-day moving average is C$69.62 and its two-hundred day moving average is C$55.64. The stock has a market capitalization of C$13.22 billion, a PE ratio of 43.48 and a beta of 1.23.
Lundin Gold Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 25th were given a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 10th. Lundin Gold's payout ratio is presently 60.06%.
Insiders Place Their Bets
In other news, Senior Officer Terrence Smith sold 40,656 shares of Lundin Gold stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of C$64.06, for a total transaction of C$2,604,423.36. Also, Senior Officer Sheila Margaret Colman sold 1,400 shares of Lundin Gold stock in a transaction 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. In the last ninety days, insiders have sold 65,056 shares of company stock worth $4,166,044. Corporate 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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