Pablo Mir Sells 11,535 Shares of Lundin Gold Inc. (TSE:LUG) Stock

Lundin Gold Inc. (TSE:LUG) Director Pablo Mir sold 11,535 shares of Lundin Gold stock in a transaction that occurred 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 Price Performance

LUG stock opened at C$32.87 on Friday. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The stock’s 50 day moving average price is C$32.02 and its 200 day moving average price is C$28.61. The firm has a market cap of C$7.89 billion, a P/E ratio of 25.48 and a beta of 1.23. Lundin Gold Inc. has a 1 year low of C$14.23 and a 1 year high of C$35.89.

Lundin Gold (TSE:LUG) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.60 by C$0.16. The business had revenue of C$440.77 million for the quarter. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. On average, sell-side analysts expect that Lundin Gold Inc. will post 2.5603448 earnings per share for the current fiscal year.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.43%. Lundin Gold’s dividend payout ratio (DPR) is presently 82.95%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. TD Securities boosted their target price on shares of Lundin Gold from C$27.00 to C$38.00 in a research report on Friday, October 18th. Raymond James downgraded shares of Lundin Gold from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from C$25.00 to C$29.00 in a report on Monday, September 23rd. BMO Capital Markets cut shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. Desjardins raised Lundin Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, Scotiabank dropped their price objective on Lundin Gold from C$31.50 to C$30.00 in a research note on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$32.55.

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.