Insider Selling: Lundin Gold Inc. (TSE:LUG) Director Sells 11,535 Shares of 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 stock was sold at an average price of C$30.78, for a total value of C$355,001.16.

Lundin Gold Stock Up 1.3 %

Shares of TSE:LUG traded up C$0.40 on Wednesday, hitting C$31.04. 405,730 shares of the company traded hands, compared to its average volume of 286,718. The stock has a 50 day simple moving average of C$32.08 and a 200-day simple moving average of C$28.53. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28. The company has a market cap of C$7.45 billion, a PE ratio of 24.06 and a beta of 1.23. Lundin Gold Inc. has a 52 week low of C$14.23 and a 52 week high of C$35.89.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.60 by C$0.16. The business 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%. As a group, research analysts expect that Lundin Gold Inc. will post 2.5603448 earnings per share for the current year.

Lundin Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors 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 2.58%. Lundin Gold’s dividend payout ratio (DPR) is presently 82.95%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LUG. TD Securities boosted their price objective on shares of Lundin Gold from C$27.00 to C$38.00 in a research report on Friday, October 18th. Jefferies Financial Group cut shares of Lundin Gold from a “buy” rating to a “hold” rating and reduced their price target for the company from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. Raymond James cut Lundin Gold from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$25.00 to C$29.00 in a research report on Monday, September 23rd. Cormark increased their target price on Lundin Gold from C$27.00 to C$32.00 and gave the stock a “hold” rating in a research report on Thursday, October 10th. Finally, Scotiabank dropped their price target on Lundin Gold from C$31.50 to C$30.00 in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lundin Gold has an average rating of “Moderate Buy” and a consensus price target of C$32.55.

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.