Lundin Gold Inc. (TSE:LUG) Director Sells C$87,560.66 in Stock

Lundin Gold Inc. (TSE:LUG) Director Gillian Davidson sold 5,753 shares of Lundin Gold stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of C$15.22, for a total value of C$87,560.66.

Lundin Gold Stock Up 2.2 %

Shares of LUG opened at C$18.89 on Thursday. The business has a fifty day moving average of C$16.38 and a 200 day moving average of C$16.16. The company has a market cap of C$4.50 billion, a PE ratio of 18.52 and a beta of 1.10. The company has a quick ratio of 1.41, a current ratio of 2.86 and a debt-to-equity ratio of 31.98. Lundin Gold Inc. has a 52-week low of C$14.23 and a 52-week high of C$19.42.

Lundin Gold (TSE:LUG) last issued its earnings results on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. The company had revenue of C$259.63 million for the quarter. On average, sell-side analysts expect that Lundin Gold Inc. will post 1.4275862 EPS for the current year.

Lundin Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were given a dividend of $0.269 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date was Thursday, March 7th. Lundin Gold’s payout ratio is currently 52.94%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LUG. Raymond James set a C$17.50 target price on shares of Lundin Gold and gave the stock an “outperform” rating in a report on Thursday, January 25th. BMO Capital Markets boosted their price target on Lundin Gold from C$20.00 to C$22.00 in a report on Wednesday, December 13th. Desjardins lifted their price target on shares of Lundin Gold from C$19.75 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Jefferies Financial Group set a C$19.00 price target on shares of Lundin Gold and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, Cormark raised their price objective on Lundin Gold from C$19.00 to C$20.00 in a research report on Wednesday, December 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$19.60.

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.