Lundin Gold Inc. Plans Quarterly Dividend of $0.21 (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) declared a quarterly dividend on Tuesday, June 10th, TickerTech Dividends reports. Shareholders of record on Wednesday, June 25th will be paid a dividend of 0.2075 per share on Wednesday, June 25th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Tuesday, June 10th.

Lundin Gold Stock Performance

Shares of TSE LUG opened at C$71.87 on Friday. Lundin Gold has a fifty-two week low of C$18.48 and a fifty-two week high of C$74.91. The company has a 50 day simple moving average of C$57.21 and a two-hundred day simple moving average of C$43.71. The company has a market capitalization of C$12.27 billion, a price-to-earnings ratio of 40.34 and a beta of 1.23.

Insider Transactions at Lundin Gold

In related news, Senior Officer Terrence Smith sold 40,656 shares of Lundin Gold stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$64.06, for a total transaction of C$2,604,423.36. Also, Director Pablo Mir sold 8,000 shares of Lundin Gold stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of C$57.50, for a total transaction of C$460,000.00. Corporate insiders own 58.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Cormark downgraded shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. Desjardins raised their price target on shares of Lundin Gold from C$38.00 to C$42.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. BMO Capital Markets raised their price target on shares of Lundin Gold from C$45.00 to C$62.00 in a research report on Friday, May 9th. Cibc World Mkts downgraded shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 20th. Finally, Raymond James raised their price target on shares of Lundin Gold from C$32.00 to C$43.00 in a research report on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.98.

Lundin Gold Company Profile

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.