Lundin Gold Inc. (TSE:LUG) Senior Officer Chester See Sells 5,800 Shares of Stock

Lundin Gold Inc. (TSE:LUG) Senior Officer Chester See sold 5,800 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$40.92, for a total value of C$237,321.50.

Lundin Gold Stock Down 0.9 %

LUG stock opened at C$39.86 on Friday. The company has a market cap of C$6.80 billion, a P/E ratio of 22.37 and a beta of 1.23. Lundin Gold Inc. has a twelve month low of C$15.40 and a twelve month high of C$41.74. The business has a fifty day moving average of C$35.32 and a 200-day moving average of C$32.29.

Lundin Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 26th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Tuesday, March 11th. This is an increase from Lundin Gold’s previous quarterly dividend of $0.20. Lundin Gold’s dividend payout ratio is currently 60.06%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LUG. CIBC raised their price target on Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Desjardins boosted their price target on Lundin Gold from C$38.00 to C$42.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Cormark lowered Lundin Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 20th. BMO Capital Markets lowered Lundin Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 10th. Finally, Scotiabank boosted their price target on Lundin Gold from C$30.00 to C$31.50 in a report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lundin Gold has a consensus rating of “Moderate Buy” and an average price target of C$35.18.

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.