Lundin Gold Inc. (TSE:LUG - Get Free Report) Director Pablo Mir sold 15,000 shares of Lundin Gold stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of C$66.44, for a total transaction of C$996,550.50.
Pablo Mir also recently made the following trade(s):
- On Tuesday, May 13th, Pablo Mir sold 8,000 shares of Lundin Gold stock. The stock was sold at an average price of C$57.50, for a total transaction of C$460,000.00.
Lundin Gold Trading Up 1.2%
Shares of LUG traded up C$0.88 during mid-day trading on Friday, hitting C$73.87. The company's stock had a trading volume of 983,908 shares, compared to its average volume of 641,968. The firm has a 50-day simple moving average of C$59.88 and a 200 day simple moving average of C$44.93. The firm has a market capitalization of C$12.61 billion, a P/E ratio of 41.47 and a beta of 1.23. Lundin Gold Inc. has a 1-year low of C$18.73 and a 1-year high of C$74.99.
Lundin Gold Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th will be paid a $0.2075 dividend. This represents a $0.83 annualized dividend and a yield of 1.12%. The ex-dividend date is Tuesday, June 10th. Lundin Gold's payout ratio is currently 60.06%.
Analysts Set New Price Targets
A number of research firms have commented on LUG. Raymond James lifted their price objective on shares of Lundin Gold from C$32.00 to C$43.00 in a research note on Friday, April 4th. TD Securities lifted their price objective on shares of Lundin Gold from C$58.00 to C$65.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. CIBC lifted their price objective on shares of Lundin Gold from C$44.00 to C$46.00 in a research note on Thursday, April 17th. Cibc World Mkts lowered shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 20th. Finally, Royal Bank of Canada lifted their price objective on shares of Lundin Gold from C$50.00 to C$54.00 in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$48.98.
Read Our Latest Stock Analysis on LUG
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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