Lundin Gold Inc. (TSE:LUG) Senior Officer Sheila Margaret Colman Sells 14,500 Shares

Lundin Gold Inc. (TSE:LUG) Senior Officer Sheila Margaret Colman sold 14,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of C$40.40, for a total value of C$585,824.65.

Sheila Margaret Colman also recently made the following trade(s):

• On Wednesday, February 26th, Sheila Margaret Colman sold 9,900 shares of Lundin Gold stock. The stock was sold at an average price of C$41.74, for a total transaction of C$413,226.00.

Lundin Gold Trading Up 6.1 %

Shares of Lundin Gold stock opened at C$43.50 on Monday. The company’s 50-day moving average price is C$36.44 and its two-hundred day moving average price is C$32.92. Lundin Gold Inc. 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.

Lundin Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 26th will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. This represents a $1.72 annualized dividend and a yield of 3.95%. Lundin Gold’s payout ratio is 60.06%.

Analysts Set New Price Targets

LUG has been the subject of a number of research reports. Cormark downgraded shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 20th. Jefferies Financial Group cut Lundin Gold from a “buy” rating to a “hold” rating and cut their target price for the company from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. Desjardins raised their target price on Lundin Gold from C$38.00 to C$42.00 and gave the company 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. Finally, TD Securities lifted their price objective on shares of Lundin Gold from C$40.00 to C$46.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$35.18.

Lundin Gold Company Profile

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.