Lundin Gold Inc. (TSE:LUG - Get 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 Stock Performance
Shares of LUG traded up C$0.40 during trading hours on Wednesday, reaching C$31.04. 405,730 shares of the company traded hands, compared to its average volume of 286,718. Lundin Gold Inc. has a 1-year low of C$14.23 and a 1-year high of C$35.89. The stock has a market cap of C$7.45 billion, a P/E ratio of 24.06 and a beta of 1.23. The stock's fifty day moving average is C$32.08 and its 200 day moving average is C$28.53. 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 (TSE:LUG - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, beating the consensus estimate of C$0.60 by C$0.16. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The firm had revenue of C$440.77 million during the quarter. Equities research analysts anticipate that Lundin Gold Inc. will post 2.5603448 earnings per share for the current fiscal year.
Lundin Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. Lundin Gold's dividend payout ratio (DPR) is currently 82.95%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on LUG shares. Scotiabank decreased their price objective on shares of Lundin Gold from C$31.50 to C$30.00 in a research note on Tuesday, December 10th. Desjardins upgraded Lundin Gold to a "moderate buy" rating in a report on Thursday, October 31st. BMO Capital Markets lowered Lundin Gold from an "outperform" rating to a "market perform" rating in a research report on Tuesday, December 10th. TD Securities raised their price objective on Lundin Gold from C$27.00 to C$38.00 in a research report on Friday, October 18th. Finally, CIBC upped their target price on Lundin Gold from C$34.00 to C$41.00 in a report on Monday, December 2nd. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Lundin Gold currently has a consensus rating of "Moderate Buy" and an average price target of C$32.55.
Get Our Latest Analysis on LUG
Lundin Gold Company Profile
(
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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