Lundin Gold Inc. (TSE:LUG - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$61.56 and traded as high as C$74.78. Lundin Gold shares last traded at C$73.57, with a volume of 744,855 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Lundin Gold from C$36.00 to C$45.00 in a report on Friday, April 4th. Raymond James Financial lifted their target price on shares of Lundin Gold from C$32.00 to C$43.00 in a report on Friday, April 4th. Veritas cut shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 9th. CIBC lifted their target price on shares of Lundin Gold from C$44.00 to C$46.00 in a report on Thursday, April 17th. Finally, Cormark cut shares of Lundin Gold from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lundin Gold presently has an average rating of "Hold" and an average price target of C$48.98.
Read Our Latest Analysis on LUG
Lundin Gold Price Performance
The business's 50 day moving average price is C$62.52 and its 200 day moving average price is C$46.30. The stock has a market capitalization of C$12.42 billion, a P/E ratio of 40.83 and a beta of 1.23.
Lundin Gold Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th will be issued a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, June 10th. Lundin Gold's payout ratio is 60.06%.
Insider Buying and Selling
In related news, Director Pablo Mir sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were 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 firm's stock in a transaction that occurred 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. Over the last quarter, insiders have sold 63,656 shares of company stock valued at $4,060,974. 58.72% of the stock is owned by insiders.
Lundin Gold Company Profile
(
Get Free Report)
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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