Lundin Gold Inc. (TSE:LUG – Get Free Report) announced a quarterly dividend on Monday, June 10th, Zacks reports. Investors of record on Tuesday, June 25th will be given a dividend of 0.10 per share on Tuesday, June 25th. This represents a $0.40 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Monday, June 10th.
Lundin Gold Trading Down 6.1 %
Shares of Lundin Gold stock traded down C$1.25 during midday trading on Friday, reaching C$19.20. The company had a trading volume of 244,158 shares, compared to its average volume of 260,186. The firm has a market cap of C$4.59 billion, a PE ratio of 20.00 and a beta of 1.14. The stock has a fifty day moving average price of C$19.44 and a 200 day moving average price of C$17.39. The company has a debt-to-equity ratio of 33.65, a current ratio of 3.08 and a quick ratio of 1.41. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$20.82.
Lundin Gold (TSE:LUG – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.33 by C($0.01). The business had revenue of C$305.68 million for the quarter. Lundin Gold had a net margin of 19.47% and a return on equity of 18.30%. On average, equities analysts anticipate that Lundin Gold will post 1.6959518 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Ian Gibbs sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$19.90, for a total transaction of C$597,000.00. In other news, Director Ian Gibbs sold 30,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$19.90, for a total transaction of C$597,000.00. Also, Senior Officer Chester See sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$20.25, for a total transaction of C$1,012,500.00. Corporate insiders own 58.99% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Lundin Gold from C$22.75 to C$23.25 in a research report on Tuesday, April 23rd. Desjardins raised Lundin Gold to a “moderate buy” rating in a report on Friday, May 10th. Scotiabank lifted their price target on Lundin Gold from C$21.00 to C$23.50 in a report on Thursday, May 23rd. Cormark lifted their target price on Lundin Gold from C$22.00 to C$23.00 in a research note on Friday, April 19th. Finally, Jefferies Financial Group increased their price target on shares of Lundin Gold from C$23.00 to C$24.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.58.
View Our Latest Research Report on Lundin Gold
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.
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Read More: Lundin Gold Inc. Declares Quarterly Dividend of $0.10 (TSE:LUG)