Lundin Gold Inc. (TSE:LUG - Get Free Report) Senior Officer Sheila Margaret Colman sold 14,500 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$40.40, for a total value of C$585,824.65.
Sheila Margaret Colman also recently made the following trade(s):
- On Wednesday, February 26th, Sheila Margaret Colman sold 9,900 shares of Lundin Gold stock. The shares were sold at an average price of C$41.74, for a total transaction of C$413,226.00.
Lundin Gold Stock Performance
Shares of LUG opened at C$43.50 on Friday. The firm has a market cap of C$7.43 billion, a PE ratio of 24.42 and a beta of 1.23. Lundin Gold Inc. has a 52-week low of C$16.77 and a 52-week high of C$43.69. The business's 50 day moving average price is C$36.19 and its two-hundred day moving average price is C$32.80.
Lundin Gold Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 26th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Lundin Gold's previous quarterly dividend of $0.20. This represents a $1.72 annualized dividend and a yield of 3.95%. Lundin Gold's dividend payout ratio is currently 60.06%.
Wall Street Analysts Forecast Growth
LUG has been the topic of a number of research reports. Jefferies Financial Group cut shares of Lundin Gold from a "buy" rating to a "hold" rating and decreased their target price for the stock from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. BMO Capital Markets lowered Lundin Gold from an "outperform" rating to a "market perform" rating in a research note on Tuesday, December 10th. Royal Bank of Canada upped their price objective on Lundin Gold from C$31.00 to C$35.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Scotiabank lifted their target price on shares of Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. Finally, Cormark downgraded shares of Lundin Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 20th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$35.18.
Check Out Our Latest Stock Report on Lundin Gold
About Lundin Gold
(
Get Free Report)
Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.
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