Lundin Gold Inc. (TSE:LUG) Announces Quarterly Dividend of $1.09

Lundin Gold Inc. (TSE:LUG) declared a quarterly dividend on Thursday, September 10th. Shareholders of record on Friday, September 25th will be paid a dividend of 1.0934 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, September 10th. This is a 20.2% increase from Lundin Gold’s previous quarterly dividend of $0.91.

Lundin Gold Stock Performance

Shares of LUG opened at C$99.88 on Tuesday. The stock’s 50-day moving average price is C$87.37 and its two-hundred day moving average price is C$94.58. Lundin Gold has a 12 month low of C$71.51 and a 12 month high of C$130.98. The company has a market capitalization of C$24.15 billion, a PE ratio of 25.94 and a beta of 1.64.

Lundin Gold (TSE:LUG) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. Lundin Gold had a return on equity of 81.63% and a net margin of 46.31%.The company had revenue of C$678.70 million during the quarter. Equities research analysts predict that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on LUG shares. Jefferies Financial Group reduced their target price on Lundin Gold from C$90.00 to C$88.00 in a report on Monday, July 6th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Lundin Gold from C$137.00 to C$131.00 in a research report on Monday, August 10th. Finally, Desjardins lowered their target price on shares of Lundin Gold from C$105.00 to C$100.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Lundin Gold currently has an average rating of “Buy” and a consensus price target of C$101.33.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.