Sheila Margaret Colman Sells 1,400 Shares of Lundin Gold Inc. (TSE:LUG) Stock

Lundin Gold Inc. (TSE:LUG - Get Free Report) 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 transaction of C$105,070.00.

Lundin Gold Stock Down 3.7%

LUG stock traded down C$2.73 during midday trading on Tuesday, reaching C$70.44. 373,810 shares of the company's stock traded hands, compared to its average volume of 643,875. The company has a 50-day simple moving average of C$62.95 and a two-hundred day simple moving average of C$46.73. Lundin Gold Inc. has a 1-year low of C$19.48 and a 1-year high of C$75.19. The company has a market cap of C$12.02 billion, a price-to-earnings ratio of 39.54 and a beta of 1.23.

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 25th will be paid a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, June 10th. Lundin Gold's dividend payout ratio is presently 60.06%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. CIBC increased their price target on Lundin Gold from C$44.00 to C$46.00 in a research report on Thursday, April 17th. BMO Capital Markets lifted their price objective on shares of Lundin Gold from C$45.00 to C$62.00 in a research note on Friday, May 9th. Royal Bank Of Canada lifted their price target on Lundin Gold from C$50.00 to C$54.00 in a research note on Wednesday, June 4th. Jefferies Financial Group raised their target price on Lundin Gold from C$36.00 to C$45.00 in a research report on Friday, April 4th. Finally, Cormark downgraded shares of Lundin Gold from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$48.98.

Lundin Gold Company Profile

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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