Lundin Gold Inc. (TSE:LUG) Director Sells C$355,001.16 in Stock

Lundin Gold Inc. (TSE:LUG) Director Pablo Mir sold 11,535 shares of Lundin Gold stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total value of C$355,001.16.

Lundin Gold Price Performance

TSE LUG traded up C$0.40 on Wednesday, reaching C$31.04. 405,730 shares of the company’s stock traded hands, compared to its average volume of 286,718. The stock has a market cap of C$7.45 billion, a PE ratio of 24.06 and a beta of 1.23. 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 12 month low of C$14.23 and a 12 month high of C$35.89. The stock has a 50-day simple moving average of C$32.08 and a 200 day simple moving average of C$28.53.

Lundin Gold (TSE:LUG) last released its earnings results on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, beating the consensus estimate of C$0.60 by C$0.16. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The company had revenue of C$440.77 million for the quarter. As a group, research analysts predict that Lundin Gold Inc. will post 2.5603448 earnings per share for the current year.

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, December 5th. Lundin Gold’s dividend payout ratio is presently 82.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Lundin Gold from C$27.00 to C$31.00 in a report on Friday, December 6th. BMO Capital Markets cut shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 10th. Desjardins upgraded shares of Lundin Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Cormark increased their price objective on Lundin Gold from C$27.00 to C$32.00 and gave the stock a “hold” rating in a research report on Thursday, October 10th. Finally, TD Securities boosted their target price on Lundin Gold from C$27.00 to C$38.00 in a research report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lundin Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.55.

Lundin Gold Company Profile

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.