Lundin Gold Inc. (TSE:LUG) Senior Officer Sheila Margaret Colman Sells 9,900 Shares

Lundin Gold Inc. (TSE:LUG - Get Free Report) Senior Officer Sheila Margaret Colman sold 9,900 shares of Lundin Gold stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$41.74, for a total value of C$413,226.00.

Lundin Gold Trading Down 2.3 %

LUG stock traded down C$0.92 during midday trading on Monday, hitting C$38.94. 442,302 shares of the company's stock were exchanged, compared to its average volume of 373,184. The firm has a 50 day moving average price of C$35.50 and a 200-day moving average price of C$32.45. Lundin Gold Inc. has a 12-month low of C$16.31 and a 12-month high of C$41.74. The stock has a market capitalization of C$6.65 billion, a price-to-earnings ratio of 21.86 and a beta of 1.23.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 26th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Lundin Gold's previous quarterly dividend of $0.20. This represents a $1.72 annualized dividend and a yield of 4.42%. Lundin Gold's dividend payout ratio is currently 60.06%.

Wall Street Analyst Weigh In

LUG has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of 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. Scotiabank raised their price objective on Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. TD Securities upped their target price on Lundin Gold from C$40.00 to C$46.00 and gave the stock a "buy" rating in a research report on Thursday. BMO Capital Markets downgraded Lundin Gold from an "outperform" rating to a "market perform" rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group lowered Lundin Gold from a "buy" rating to a "hold" rating and reduced their price target for the stock from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, 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.