Lundin Gold Inc. (LUG) to Issue Quarterly Dividend of $0.43 on March 26th

Lundin Gold Inc. (TSE:LUG) announced a quarterly dividend on Tuesday, March 11th, TickerTech Dividends reports. Shareholders of record on Wednesday, March 26th will be paid a dividend of 0.43 per share on Wednesday, March 26th. This represents a $1.72 annualized dividend and a yield of 3.95%. The ex-dividend date is Tuesday, March 11th. This is a 115.0% increase from Lundin Gold’s previous quarterly dividend of $0.20.

Lundin Gold Trading Up 6.1 %

Shares of Lundin Gold stock opened at C$43.50 on Friday. The company’s 50-day moving average price is C$36.44 and its two-hundred day moving average price is C$32.88. Lundin Gold has a 52 week low of C$16.77 and a 52 week high of C$43.69. The stock has a market cap of C$7.43 billion, a PE ratio of 24.42 and a beta of 1.23.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LUG shares. CIBC lifted their price target on Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. Desjardins lifted their price target on Lundin Gold from C$38.00 to C$42.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. BMO Capital Markets cut Lundin Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 10th. 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 research note on Tuesday, February 11th. Finally, Cormark cut 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 issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$35.18.

Insider Buying and Selling at Lundin Gold

In related news, Senior Officer Sheila Margaret Colman sold 9,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$41.74, for a total value of C$413,226.00. Also, Director Ronald F. Hochstein sold 88,750 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$41.42, for a total value of C$3,675,732.13. Insiders have sold a total of 130,485 shares of company stock valued at $5,267,105 in the last 90 days. 58.72% of the stock is currently owned by corporate insiders.

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.