Lundin Gold Inc. (TSE:LUG) Director Pablo Mir Sells 11,535 Shares

Lundin Gold Inc. (TSE:LUGGet Free Report) Director Pablo Mir sold 11,535 shares of the 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

Shares of TSE LUG opened at C$31.04 on Thursday. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. Lundin Gold Inc. has a one year low of C$14.23 and a one year high of C$35.89. The firm has a market capitalization of C$7.45 billion, a P/E ratio of 24.06 and a beta of 1.23. The company’s fifty day moving average is C$32.08 and its two-hundred day moving average is C$28.53.

Lundin Gold (TSE:LUGGet Free Report) last issued its earnings results on Thursday, November 7th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.60 by C$0.16. The company had revenue of C$440.77 million during the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. Analysts forecast that Lundin Gold Inc. will post 2.5603448 EPS for the current fiscal year.

Lundin Gold Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group downgraded shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group cut Lundin Gold from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$37.00 to C$36.00 in a report on Wednesday, December 11th. Scotiabank cut their price target on Lundin Gold from C$31.50 to C$30.00 in a report on Tuesday, December 10th. BMO Capital Markets cut Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. Finally, Cormark boosted their price target on shares of Lundin Gold from C$27.00 to C$32.00 and gave the company a “hold” rating in a research report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lundin Gold presently has an average rating of “Moderate Buy” and a consensus price target of C$32.55.

View Our Latest Research Report on Lundin Gold

About Lundin Gold

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Lundin Gold (TSE:LUG)

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