Chester See Sells 5,800 Shares of Lundin Gold Inc. (TSE:LUG) Stock

Lundin Gold Inc. (TSE:LUG) Senior Officer Chester See sold 5,800 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$40.92, for a total transaction of C$237,321.50.

Lundin Gold Price Performance

Shares of TSE LUG opened at C$39.86 on Friday. The business has a fifty day moving average price of C$35.50 and a two-hundred day moving average price of C$32.34. The stock has a market capitalization of C$6.80 billion, a PE ratio of 22.37 and a beta of 1.23. Lundin Gold Inc. has a fifty-two week low of C$15.40 and a fifty-two week high of C$41.74.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 26th will be given a dividend of $0.43 per share. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, March 11th. This represents a $1.72 annualized dividend and a yield of 4.32%. Lundin Gold’s dividend payout ratio is currently 60.06%.

Analysts Set New Price Targets

LUG has been the subject of several research analyst reports. Desjardins lifted their target price on shares of Lundin Gold from C$38.00 to C$42.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Scotiabank boosted their price objective on Lundin Gold from C$30.00 to C$31.50 in a report on Wednesday, January 15th. Cormark downgraded Lundin Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 20th. Royal Bank of Canada lifted their price target on Lundin Gold from C$31.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Finally, TD Securities upped their price objective on Lundin Gold from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Thursday. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$35.18.

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.