Lundin Gold Inc. (TSE:LUG - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on LUG shares. TD Securities increased their price target on Lundin Gold from C$58.00 to C$65.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Cibc World Mkts lowered Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 20th. Royal Bank Of Canada lifted their price target on shares of Lundin Gold from C$50.00 to C$54.00 in a research note on Wednesday, June 4th. Veritas lowered shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 9th. Finally, Raymond James Financial upped their price objective on shares of Lundin Gold from C$32.00 to C$43.00 in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lundin Gold has an average rating of "Hold" and a consensus price target of C$48.98.
Get Our Latest Report on LUG
Lundin Gold Trading Up 0.7%
The company has a fifty day moving average price of C$62.52 and a two-hundred day moving average price of C$46.38. The firm has a market capitalization of C$12.42 billion, a price-to-earnings ratio of 40.83 and a beta of 1.23.
Lundin Gold Cuts Dividend
The business also recently disclosed 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 is Tuesday, June 10th. This represents a $0.83 dividend on an annualized basis and a yield of 1.14%. Lundin Gold's payout ratio is 60.06%.
Insiders Place Their Bets
In other Lundin Gold news, Senior Officer Terrence Smith sold 40,656 shares of Lundin Gold stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$64.06, for a total transaction 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 transaction of C$996,550.50. Over the last 90 days, insiders have sold 63,656 shares of company stock valued at $4,060,974. 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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