Sheila Margaret Colman Sells 1,400 Shares of Lundin Gold Inc. (TSE:LUG) Stock

Lundin Gold Inc. (TSE:LUG) Senior Officer Sheila Margaret Colman sold 1,400 shares of the business’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of C$75.05, for a total value of C$105,070.00.

Lundin Gold Trading Up 2.9%

LUG stock opened at C$72.82 on Thursday. Lundin Gold Inc. has a 12-month low of C$19.48 and a 12-month high of C$75.19. The stock has a 50-day moving average price of C$63.60 and a two-hundred day moving average price of C$47.08. The company has a market cap of C$12.43 billion, a PE ratio of 40.88 and a beta of 1.23.

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th were given a $0.2075 dividend. This represents a $0.83 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Tuesday, June 10th. Lundin Gold’s payout ratio is 60.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. National Bank Financial cut Lundin Gold from a “strong-buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada upped their target price on Lundin Gold from C$50.00 to C$54.00 in a research note on Wednesday, June 4th. TD Securities upped their target price on Lundin Gold from C$58.00 to C$65.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. BMO Capital Markets upped their target price on Lundin Gold from C$45.00 to C$62.00 in a research note on Friday, May 9th. Finally, CIBC upped their target price on Lundin Gold from C$44.00 to C$46.00 in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$50.91.

About Lundin Gold

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.