Lundin Gold Inc. Plans Quarterly Dividend of $0.20 (TSE:LUG)

Lundin Gold Inc. (TSE:LUG - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Thursday, December 5th will be given a dividend of 0.20 per share on Friday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, December 5th.

Lundin Gold Stock Performance

TSE:LUG traded up C$0.76 during mid-day trading on Friday, reaching C$32.67. The company's stock had a trading volume of 308,100 shares, compared to its average volume of 274,795. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28. The stock has a market cap of C$7.84 billion, a P/E ratio of 25.33 and a beta of 1.23. The firm's fifty day moving average price is C$30.83 and its two-hundred day moving average price is C$24.83. Lundin Gold has a 12-month low of C$14.23 and a 12-month high of C$35.89.

Lundin Gold (TSE:LUG - Get Free Report) last released its quarterly earnings data 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 firm 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%. On average, equities analysts forecast that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Sheila Margaret Colman sold 16,000 shares of Lundin Gold stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$28.74, for a total value of C$459,913.60. In other Lundin Gold news, Senior Officer Chester See sold 14,900 shares of the business's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total transaction of C$448,490.00. Also, Senior Officer Sheila Margaret Colman sold 16,000 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$28.74, for a total transaction of C$459,913.60. In the last three months, insiders have sold 72,840 shares of company stock worth $2,146,122. 58.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Cormark increased their price target on Lundin Gold from C$27.00 to C$32.00 and gave the company a "hold" rating in a report on Thursday, October 10th. Jefferies Financial Group raised their target price on Lundin Gold from C$35.00 to C$37.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Scotiabank upped their price target on shares of Lundin Gold from C$23.50 to C$25.50 in a research report on Monday, August 19th. Raymond James lowered Lundin Gold from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from C$25.00 to C$29.00 in a research note on Monday, September 23rd. Finally, National Bankshares lifted their target price on Lundin Gold from C$30.75 to C$32.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lundin Gold currently has an average rating of "Moderate Buy" and an average target price of C$29.42.

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.