Chester See Sells 5,800 Shares of Lundin Gold Inc. (TSE:LUG) Stock

Lundin Gold Inc. (TSE:LUG - Get Free Report) Senior Officer Chester See sold 5,800 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$40.92, for a total transaction of C$237,321.50.

Lundin Gold Trading Down 0.8 %

Shares of TSE LUG traded down C$0.33 during trading hours on Tuesday, hitting C$38.61. 554,440 shares of the company traded hands, compared to its average volume of 377,399. The stock has a market capitalization of C$6.59 billion, a price-to-earnings ratio of 21.67 and a beta of 1.23. The company's 50 day moving average price is C$35.65 and its 200 day moving average price is C$32.54. Lundin Gold Inc. has a 12 month low of C$16.77 and a 12 month high of C$41.74.

Lundin Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Lundin Gold's previous quarterly dividend of $0.20. Lundin Gold's dividend payout ratio (DPR) is 60.06%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Cormark downgraded Lundin Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 20th. TD Securities upped their target price on shares of Lundin Gold from C$40.00 to C$46.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. BMO Capital Markets downgraded shares of Lundin Gold from an "outperform" rating to a "market perform" rating in a report on Tuesday, December 10th. CIBC boosted their price target on shares of Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. Finally, Scotiabank raised their price objective on Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$35.18.

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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.