Lundin Gold Inc. (TSE:LUG) Senior Officer Sells C$759,826.78 in Stock

Lundin Gold Inc. (TSE:LUG) Senior Officer Terrence Smith sold 25,740 shares of Lundin Gold stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$29.52, for a total value of C$759,826.78.

Lundin Gold Price Performance

TSE:LUG opened at C$29.41 on Wednesday. Lundin Gold Inc. has a one year low of C$14.23 and a one year high of C$30.64. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The firm has a market cap of C$7.05 billion, a price-to-earnings ratio of 22.98 and a beta of 1.23. The firm’s fifty day moving average is C$25.83 and its two-hundred day moving average is C$21.76.

Lundin Gold (TSE:LUG) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate of C$0.62 by C($0.07). The business had revenue of C$412.43 million during the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. Research analysts expect that Lundin Gold Inc. will post 2.5613577 EPS for the current year.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th will be paid a dividend of $0.551 per share. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10. This represents a $2.20 annualized dividend and a yield of 7.49%. The ex-dividend date is Tuesday, September 10th. Lundin Gold’s payout ratio is 85.16%.

Analyst Ratings Changes

LUG has been the topic of a number of recent research reports. Canaccord Genuity Group upped their price target on shares of Lundin Gold from C$27.50 to C$28.50 in a research note on Tuesday, August 20th. Jefferies Financial Group raised their price target on Lundin Gold from C$26.00 to C$29.00 in a research note on Monday, September 9th. TD Securities boosted their price objective on shares of Lundin Gold from C$24.00 to C$27.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Cormark increased their target price on shares of Lundin Gold from C$26.00 to C$27.00 in a research report on Friday, August 9th. Finally, Raymond James downgraded Lundin Gold from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$25.00 to C$29.00 in a report on Monday. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$27.42.

About Lundin Gold

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.