Lundin Gold Inc. (TSE:LUG) Director Pablo Mir Sells 8,000 Shares of Stock

Lundin Gold Inc. (TSE:LUG) Director Pablo Mir sold 8,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of C$57.50, for a total transaction of C$460,000.00.

Lundin Gold Trading Up 3.5%

Shares of Lundin Gold stock opened at C$57.84 on Wednesday. The company has a 50 day moving average of C$49.87 and a 200-day moving average of C$39.77. Lundin Gold Inc. has a 1-year low of C$18.48 and a 1-year high of C$67.80. The company has a market cap of C$9.87 billion, a PE ratio of 32.47 and a beta of 1.23.

Lundin Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Tuesday, March 11th. This is an increase from Lundin Gold’s previous quarterly dividend of $0.20. Lundin Gold’s dividend payout ratio is 60.06%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Desjardins boosted their price objective on shares of Lundin Gold from C$38.00 to C$42.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Cormark downgraded shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Scotiabank boosted their price objective on shares of Lundin Gold from C$30.00 to C$31.50 in a report on Wednesday, January 15th. CIBC boosted their price objective on shares of Lundin Gold from C$44.00 to C$46.00 in a report on Thursday, April 17th. Finally, TD Securities boosted their price objective on shares of Lundin Gold from C$46.00 to C$58.00 in a report on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$44.00.

About Lundin Gold

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.