Lundin Gold Inc. (TSE:LUG – Get Free Report) declared a quarterly dividend on Tuesday, September 10th, Zacks reports. Shareholders of record on Wednesday, September 25th will be paid a dividend of 0.551 per share on Wednesday, September 25th. This represents a $2.20 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date is Tuesday, September 10th. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10.
Lundin Gold Stock Down 3.9 %
LUG stock opened at C$25.86 on Friday. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41. The company’s 50 day simple moving average is C$24.14 and its 200-day simple moving average is C$20.68. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$28.26. The firm has a market capitalization of C$6.20 billion, a PE ratio of 20.36 and a beta of 1.23.
Lundin Gold (TSE:LUG – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported C$0.55 EPS for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.07). Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The company had revenue of C$412.43 million for the quarter. Equities analysts expect that Lundin Gold will post 2.5546059 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on LUG
Insider Activity
In related news, Senior Officer Chester See sold 30,100 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$20.27, for a total value of C$610,253.42. Corporate insiders own 58.79% of the company’s stock.
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.
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