Lundin Gold Inc. (TSE:LUG) Director Ronald F. Hochstein Sells 16,200 Shares

Lundin Gold Inc. (TSE:LUG) Director Ronald F. Hochstein sold 16,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$29.50, for a total transaction of C$477,891.90.

Lundin Gold Trading Down 0.3 %

TSE LUG traded down C$0.09 on Tuesday, reaching C$29.34. The company had a trading volume of 118,531 shares, compared to its average volume of 256,755. The firm has a market cap of C$7.04 billion, a price-to-earnings ratio of 22.99 and a beta of 1.23. Lundin Gold Inc. has a fifty-two week low of C$14.23 and a fifty-two week high of C$29.73. The business has a 50 day moving average of C$25.07 and a two-hundred day moving average of C$21.25. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41.

Lundin Gold (TSE:LUG) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.07). Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The company had revenue of C$412.43 million for the quarter. Analysts forecast that Lundin Gold Inc. will post 2.5613577 EPS for the current year.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th will be paid a $0.551 dividend. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10. This represents a $2.20 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date is Tuesday, September 10th. Lundin Gold’s dividend payout ratio is currently 85.16%.

Analyst Ratings Changes

A number of equities analysts have recently commented on LUG shares. Canaccord Genuity Group boosted their price target on Lundin Gold from C$27.50 to C$28.50 in a report on Tuesday, August 20th. Jefferies Financial Group increased their target price on shares of Lundin Gold from C$26.00 to C$29.00 in a report on Monday, September 9th. TD Securities lifted their price target on shares of Lundin Gold from C$24.00 to C$27.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Scotiabank increased their price objective on shares of Lundin Gold from C$23.50 to C$25.50 in a research note on Monday, August 19th. Finally, Raymond James raised their target price on shares of Lundin Gold from C$21.00 to C$25.00 in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$27.08.

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.