Lundin Gold Inc. (TSE:LUG) Announces $0.21 Quarterly Dividend

Lundin Gold Inc. (TSE:LUG) announced a quarterly dividend on Tuesday, June 10th, TickerTech Dividends reports. Shareholders of record on Wednesday, June 25th will be given a dividend of 0.2075 per share on Wednesday, June 25th. This represents a $0.83 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Tuesday, June 10th.

Lundin Gold Price Performance

Lundin Gold stock opened at C$71.87 on Friday. The firm has a 50 day simple moving average of C$57.21 and a 200-day simple moving average of C$43.71. Lundin Gold has a 1-year low of C$18.48 and a 1-year high of C$74.91. The stock has a market cap of C$12.27 billion, a price-to-earnings ratio of 40.34 and a beta of 1.23.

Insider Buying and Selling

In other Lundin Gold news, Director Pablo Mir sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of C$57.50, for a total value of C$460,000.00. Also, Senior Officer Terrence Smith sold 40,656 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$64.06, for a total transaction of C$2,604,423.36. 58.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LUG shares. Cormark cut shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Veritas raised shares of Lundin Gold to a “strong-buy” rating in a research note on Wednesday, May 14th. Jefferies Financial Group increased their price target on shares of Lundin Gold from C$36.00 to C$45.00 in a research note on Friday, April 4th. BMO Capital Markets increased their price target on shares of Lundin Gold from C$45.00 to C$62.00 in a research note on Friday, May 9th. Finally, National Bankshares increased their price target on shares of Lundin Gold from C$66.50 to C$67.75 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Lundin Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.98.

Lundin Gold Company Profile

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.