Insider Selling: Lundin Gold Inc. (TSE:LUG) Senior Officer Sells 14,900 Shares of Stock

Lundin Gold Inc. (TSE:LUG) Senior Officer Chester See sold 14,900 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total transaction of C$448,490.00.

Lundin Gold Price Performance

Shares of TSE LUG traded down C$0.06 during midday trading on Tuesday, reaching C$29.41. 347,307 shares of the stock traded hands, compared to its average volume of 268,965. 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 stock has a market capitalization of C$7.05 billion, a PE ratio of 23.02 and a beta of 1.23. Lundin Gold Inc. has a one year low of C$14.23 and a one year high of C$30.64. The company’s 50 day moving average is C$25.71 and its 200 day moving average is C$21.67.

Lundin Gold (TSE:LUG) last posted 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). The firm had revenue of C$412.43 million for the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. On average, equities research analysts anticipate that Lundin Gold Inc. will post 2.5613577 earnings per share for the current year.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th will be given a $0.551 dividend. The ex-dividend date is Tuesday, September 10th. This is an increase from Lundin Gold’s previous quarterly dividend of $0.10. This represents a $2.20 dividend on an annualized basis and a yield of 7.49%. Lundin Gold’s dividend payout ratio (DPR) is currently 85.16%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LUG. Royal Bank of Canada increased their target price on shares of Lundin Gold from C$25.00 to C$27.00 in a report on Tuesday, September 10th. National Bank Financial raised shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 7th. Canaccord Genuity Group increased their target price on shares of Lundin Gold from C$27.50 to C$28.50 in a report on Tuesday, August 20th. Cormark increased their target price on shares of Lundin Gold from C$26.00 to C$27.00 in a report on Friday, August 9th. Finally, Scotiabank increased their price objective on shares of Lundin Gold from C$23.50 to C$25.50 in a report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lundin Gold has a consensus rating of “Moderate Buy” and an average price target of C$27.42.

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.