Sheila Margaret Colman Sells 9,900 Shares of Lundin Gold Inc. (TSE:LUG) Stock

Lundin Gold Inc. (TSE:LUG) Senior Officer Sheila Margaret Colman sold 9,900 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$41.74, for a total transaction of C$413,226.00.

Lundin Gold Stock Performance

Shares of TSE:LUG opened at C$39.86 on Friday. The company has a 50 day moving average price of C$35.32 and a two-hundred day moving average price of C$32.29. Lundin Gold Inc. has a 52 week low of C$15.40 and a 52 week high of C$41.74. The company has a market capitalization of C$6.80 billion, a PE ratio of 22.37 and a beta of 1.23.

Lundin Gold Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BMO Capital Markets lowered shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 10th. Cormark downgraded shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 20th. Royal Bank of Canada upped their target price on shares of Lundin Gold from C$31.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. CIBC upped their target price on shares of Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. Finally, TD Securities upped their price objective on shares of Lundin Gold from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lundin Gold has a consensus rating of “Moderate Buy” and an average price target of C$35.18.

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.