Lundin Gold Inc. (TSE:LUG) Senior Officer Sells C$448,490.00 in Stock

Lundin Gold Inc. (TSE:LUG) Senior Officer Chester See sold 14,900 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total transaction of C$448,490.00.

Lundin Gold Stock Performance

TSE LUG opened at C$29.93 on Friday. The company’s 50 day simple moving average is C$26.08 and its two-hundred day simple moving average is C$21.87. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41. Lundin Gold Inc. has a 1 year low of C$14.23 and a 1 year high of C$30.64. The stock has a market capitalization of C$7.18 billion, a PE ratio of 23.38 and a beta of 1.23.

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

Lundin Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.551 per share. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, September 10th. This represents a $2.20 annualized dividend and a dividend yield of 7.36%. Lundin Gold’s payout ratio is presently 85.16%.

Analysts Set New Price Targets

A number of research firms have issued reports on LUG. CIBC raised their target price on Lundin Gold from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Cormark lifted their price objective on Lundin Gold from C$26.00 to C$27.00 in a report on Friday, August 9th. Scotiabank upped their price objective on shares of Lundin Gold from C$23.50 to C$25.50 in a report on Monday, August 19th. National Bankshares increased their target price on shares of Lundin Gold from C$30.75 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Finally, Canaccord Genuity Group boosted their price target on shares of Lundin Gold from C$27.50 to C$28.50 in a research report on Tuesday, August 20th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.