Lundin Gold Inc. (TSE:LUG) Receives Consensus Rating of “Hold” from Analysts

Shares of Lundin Gold Inc. (TSE:LUG) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$35.45.

Several analysts have recently commented on the stock. Cormark lowered shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 20th. CIBC lowered Lundin Gold from an “outperform” rating to a “neutral” rating and upped their price target for the company from C$41.00 to C$44.00 in a research note on Thursday. Scotiabank raised their price objective on Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. Cibc World Mkts lowered shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Desjardins increased their target price on shares of Lundin Gold from C$38.00 to C$42.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th.

Lundin Gold Trading Up 2.2 %

Lundin Gold stock opened at C$43.60 on Monday. The stock has a market cap of C$7.44 billion, a P/E ratio of 24.47 and a beta of 1.23. The company has a 50-day moving average price of C$38.73 and a 200 day moving average price of C$34.06. Lundin Gold has a 12-month low of C$18.08 and a 12-month high of C$45.82.

Lundin Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th will be paid a $0.43 dividend. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. This represents a $1.72 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Tuesday, March 11th. Lundin Gold’s dividend payout ratio (DPR) is presently 60.06%.

Insider Buying and Selling

In other Lundin Gold news, Director Pablo Mir sold 11,535 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total value of C$355,001.16. Also, Senior Officer Sheila Margaret Colman sold 9,900 shares of Lundin Gold stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$41.74, for a total value of C$413,226.00. Insiders sold 144,685 shares of company stock valued at $5,854,985 in the last three months. 58.72% of the stock is owned by corporate insiders.

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.