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 the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total transaction of C$355,001.16.

Lundin Gold Stock Up 3.0 %

Shares of TSE:LUG opened at C$33.84 on Friday. The company has a market cap of C$8.12 billion, a price-to-earnings ratio of 26.23 and a beta of 1.23. The firm’s 50-day simple moving average is C$32.00 and its 200-day simple moving average is C$28.64. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28. Lundin Gold Inc. has a fifty-two week low of C$14.23 and a fifty-two week high of C$35.89.

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

Lundin Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Thursday, December 5th. Lundin Gold’s payout ratio is 82.95%.

Wall Street Analysts Forecast Growth

LUG has been the topic of a number of analyst reports. Raymond James lowered shares of Lundin Gold from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$25.00 to C$29.00 in a report on Monday, September 23rd. Scotiabank reduced their price objective on shares of Lundin Gold from C$31.50 to C$30.00 in a report on Tuesday, December 10th. BMO Capital Markets lowered shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. Desjardins upgraded shares of Lundin Gold to a “moderate buy” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada lifted their price target on shares of Lundin Gold from C$27.00 to C$31.00 in a research note on Friday, December 6th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$33.15.

About Lundin Gold

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.