Lundin Gold Inc. (TSE:LUG) Director Pablo Mir Sells 11,535 Shares

Lundin Gold Inc. (TSE:LUG) Director Pablo Mir sold 11,535 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total value of C$355,001.16.

Lundin Gold Price Performance

Shares of TSE LUG opened at C$32.87 on Friday. The company has a market capitalization of C$7.89 billion, a price-to-earnings ratio of 25.48 and a beta of 1.23. 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 Inc. has a 1-year low of C$14.23 and a 1-year high of C$35.89. The business has a 50-day moving average of C$32.02 and a 200-day moving average of C$28.61.

Lundin Gold (TSE:LUG) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.76 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.60 by C$0.16. The firm had revenue of C$440.77 million during the quarter. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. On average, equities analysts anticipate that Lundin Gold Inc. will post 2.5603448 EPS for the current fiscal year.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.43%. The ex-dividend date was Thursday, December 5th. Lundin Gold’s dividend payout ratio (DPR) is 82.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LUG. Desjardins upgraded shares of Lundin Gold to a “moderate buy” rating in a report on Thursday, October 31st. CIBC increased their price target on shares of Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. Cormark boosted their price objective on shares of Lundin Gold from C$27.00 to C$32.00 and gave the company a “hold” rating in a research note on Thursday, October 10th. BMO Capital Markets lowered Lundin Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 10th. Finally, Scotiabank lowered their price target on Lundin Gold from C$31.50 to C$30.00 in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$32.55.

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.