Lundin Gold Inc. (TSE:LUG) Director Sells C$355,001.16 in Stock

Lundin Gold Inc. (TSE:LUG) Director Pablo Mir sold 11,535 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total transaction of C$355,001.16.

Lundin Gold Stock Performance

TSE:LUG opened at C$33.84 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 has a market capitalization of C$8.12 billion, a P/E ratio of 26.23 and a beta of 1.23. The company has a 50 day moving average price of C$32.00 and a 200 day moving average price of C$28.64. Lundin Gold Inc. has a fifty-two week low of C$14.23 and a fifty-two week high of C$35.89.

Lundin Gold (TSE:LUG) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.60 by C$0.16. The firm had revenue of C$440.77 million during the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. Equities research analysts forecast that Lundin Gold Inc. will post 2.5603448 EPS for the current year.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.80 annualized dividend and a yield of 2.36%. Lundin Gold’s dividend payout ratio is presently 82.95%.

Wall Street Analyst Weigh In

LUG has been the subject of a number of recent research reports. Cormark upgraded shares of Lundin Gold from a “market perform” rating to a “buy” rating and increased their price objective for the company from C$35.00 to C$38.00 in a report on Friday. Scotiabank cut their price target on shares of Lundin Gold from C$31.50 to C$30.00 in a report on Tuesday, December 10th. BMO Capital Markets downgraded shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. Raymond James downgraded shares of Lundin Gold from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$25.00 to C$29.00 in a report on Monday, September 23rd. Finally, Canaccord Genuity Group downgraded shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$33.15.

Lundin Gold Company Profile

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.