Lundin Gold Inc. (TSE:LUG - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$69.17 and traded as high as C$75.35. Lundin Gold shares last traded at C$74.08, with a volume of 979,416 shares.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on LUG shares. National Bank Financial lowered Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. Desjardins lowered Lundin Gold from a "moderate buy" rating to a "hold" rating and increased their price target for the company from C$62.00 to C$70.00 in a research report on Thursday, July 17th. CIBC increased their price target on Lundin Gold from C$44.00 to C$46.00 in a research report on Thursday, April 17th. TD Securities lowered Lundin Gold from a "strong-buy" rating to a "hold" rating and increased their price target for the company from C$65.00 to C$73.00 in a research report on Wednesday, July 16th. Finally, BMO Capital Markets increased their price target on Lundin Gold from C$45.00 to C$62.00 in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. According to MarketBeat, Lundin Gold currently has an average rating of "Hold" and a consensus target price of C$54.18.
View Our Latest Report on LUG
Lundin Gold Stock Up 2.6%
The company has a market cap of C$13.56 billion, a P/E ratio of 44.60 and a beta of 1.23. The business has a 50-day moving average price of C$69.62 and a two-hundred day moving average price of C$55.64.
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 issued a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, June 10th. Lundin Gold's dividend payout ratio is currently 60.06%.
Insider Activity at Lundin Gold
In other Lundin Gold news, Director Pablo Mir sold 15,000 shares of the stock in a transaction dated 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 Terrence Smith sold 40,656 shares of the 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. Over the last quarter, insiders sold 57,056 shares of company stock worth $3,706,044. 58.72% of the stock is owned by insiders.
Lundin Gold Company Profile
(
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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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