Lundin Gold Inc. (TSE:LUG) Director Gillian Davidson Sells 5,753 Shares

Lundin Gold Inc. (TSE:LUG) Director Gillian Davidson sold 5,753 shares of the company’s stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of C$15.22, for a total transaction of C$87,560.66.

Lundin Gold Trading Up 2.2 %

Lundin Gold stock opened at C$18.89 on Thursday. The stock has a market cap of C$4.50 billion, a P/E ratio of 18.52 and a beta of 1.10. The firm’s 50 day moving average price is C$16.38 and its 200-day moving average price is C$16.16. Lundin Gold Inc. has a 1 year low of C$14.23 and a 1 year high of C$19.42. The company has a debt-to-equity ratio of 31.98, a current ratio of 2.86 and a quick ratio of 1.41.

Lundin Gold (TSE:LUG) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The firm had revenue of C$259.63 million for the quarter. Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. On average, equities analysts predict that Lundin Gold Inc. will post 1.4275862 earnings per share for the current fiscal year.

Lundin Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a dividend of $0.269 per share. This represents a $1.08 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend was Thursday, March 7th. Lundin Gold’s payout ratio is 52.94%.

Wall Street Analyst Weigh In

Several analysts recently commented on LUG shares. National Bankshares increased their price objective on shares of Lundin Gold from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Desjardins lifted their target price on Lundin Gold from C$19.75 to C$20.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Raymond James set a C$17.50 price objective on Lundin Gold and gave the company an “outperform” rating in a research report on Thursday, January 25th. Cormark raised their price target on shares of Lundin Gold from C$19.00 to C$20.00 in a report on Wednesday, December 6th. Finally, BMO Capital Markets boosted their price objective on shares of Lundin Gold from C$20.00 to C$22.00 in a report on Wednesday, December 13th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$19.60.

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.