Shares of Lundin Gold Inc. (TSE:LUG - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$49.79 and traded as high as C$72.16. Lundin Gold shares last traded at C$71.65, with a volume of 621,826 shares traded.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on LUG. BMO Capital Markets upped their target price on Lundin Gold from C$45.00 to C$62.00 in a research note on Friday, May 9th. Veritas downgraded Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, June 9th. Cibc World Mkts downgraded Lundin Gold from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 20th. National Bank Financial downgraded Lundin Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada upped their target price on Lundin Gold from C$50.00 to C$54.00 in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$50.91.
View Our Latest Stock Report on LUG
Lundin Gold Stock Performance
The firm has a market capitalization of C$11.87 billion, a PE ratio of 39.02 and a beta of 1.23. The company's 50-day moving average price is C$66.43 and its 200-day moving average price is C$49.79.
Lundin Gold Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th were given a $0.2075 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $0.83 dividend on an annualized basis and a yield of 1.19%. Lundin Gold's dividend payout ratio (DPR) is presently 60.06%.
Insider Activity at Lundin Gold
In related news, Senior Officer Sheila Margaret Colman sold 1,400 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of C$75.05, for a total value of C$105,070.00. Also, Director Pablo Mir sold 15,000 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$66.44, for a total transaction of C$996,550.50. Insiders sold a total of 65,056 shares of company stock valued at $4,166,044 over the last ninety days. Insiders own 58.72% of the company's stock.
About Lundin Gold
(
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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