Sheila Margaret Colman Sells 14,500 Shares of Lundin Gold Inc. (TSE:LUG) Stock

Lundin Gold Inc. (TSE:LUG - Get Free Report) Senior Officer Sheila Margaret Colman sold 14,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of C$40.40, for a total value of C$585,824.65.

Sheila Margaret Colman also recently made the following trade(s):

• On Wednesday, February 26th, Sheila Margaret Colman sold 9,900 shares of Lundin Gold stock. The stock was sold at an average price of C$41.74, for a total value of C$413,226.00.

Lundin Gold Trading Up 3.7 %

Lundin Gold stock traded up C$1.49 during midday trading on Tuesday, reaching C$41.72. The stock had a trading volume of 621,915 shares, compared to its average volume of 400,907. The company has a market capitalization of C$7.12 billion, a P/E ratio of 23.42 and a beta of 1.23. Lundin Gold Inc. has a 12 month low of C$16.77 and a 12 month high of C$43.69. The company has a fifty day moving average price of C$36.63 and a two-hundred day moving average price of C$33.04.

Lundin Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.43 per share. This is an increase from Lundin Gold's previous quarterly dividend of $0.20. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Tuesday, March 11th. Lundin Gold's dividend payout ratio is currently 60.06%.

Analyst Ratings Changes

LUG has been the topic of a number of analyst reports. BMO Capital Markets cut Lundin Gold from an "outperform" rating to a "market perform" rating in a research note on Tuesday, December 10th. Royal Bank of Canada boosted their target price on Lundin Gold from C$31.00 to C$35.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Jefferies Financial Group downgraded shares of Lundin Gold from a "buy" rating to a "hold" rating and cut their price target for the company from C$37.00 to C$36.00 in a report on Wednesday, December 11th. TD Securities lifted their price target on shares of Lundin Gold from C$40.00 to C$46.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Scotiabank raised their target price on Lundin Gold from C$30.00 to C$31.50 in a report on Wednesday, January 15th. Seven investment 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's stock. According to data from MarketBeat, Lundin Gold currently has an average rating of "Moderate Buy" and an average target price of C$35.18.

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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.