Lundin Gold Inc. (TSE:LUG) Director Ronald F. Hochstein Sells 88,750 Shares of Stock

Lundin Gold Inc. (TSE:LUG) Director Ronald F. Hochstein sold 88,750 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$41.42, for a total transaction of C$3,675,732.13.

Lundin Gold Price Performance

Shares of LUG opened at C$40.22 on Friday. The firm has a 50-day simple moving average of C$35.14 and a two-hundred day simple moving average of C$32.23. The stock has a market cap of C$6.87 billion, a PE ratio of 22.58 and a beta of 1.23. Lundin Gold Inc. has a 1-year low of C$15.32 and a 1-year high of C$41.74.

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were issued a $0.20 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.80 annualized dividend and a yield of 1.99%. Lundin Gold’s dividend payout ratio (DPR) is presently 60.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LUG shares. Desjardins lifted their price objective on Lundin Gold from C$38.00 to C$42.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their target price on Lundin Gold from C$31.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th. Jefferies Financial Group cut shares of Lundin Gold from a “buy” rating to a “hold” rating and lowered their price target for the company from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. Scotiabank raised their price objective on shares of Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. Finally, Cormark downgraded shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.