Lundin Gold Inc. (TSE:LUG) to Issue $0.21 Quarterly Dividend

Lundin Gold Inc. (TSE:LUG) declared a quarterly dividend on Tuesday, June 10th, TickerTech Dividends reports. Investors of record on Wednesday, June 25th will be given a dividend of 0.2075 per share on Wednesday, June 25th. This represents a $0.83 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, June 10th.

Lundin Gold Stock Up 1.1%

TSE:LUG opened at C$71.87 on Friday. The business’s 50-day moving average price is C$57.21 and its 200 day moving average price is C$43.71. The firm has a market cap of C$12.27 billion, a P/E ratio of 40.34 and a beta of 1.23. Lundin Gold has a 52-week low of C$18.48 and a 52-week high of C$74.91.

Insiders Place Their Bets

In other news, Director Pablo Mir sold 8,000 shares of Lundin Gold stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of C$57.50, for a total transaction of C$460,000.00. Also, Senior Officer Terrence Smith sold 40,656 shares of Lundin Gold stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$64.06, for a total value of C$2,604,423.36. Corporate insiders own 58.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LUG shares. BMO Capital Markets increased their price target on Lundin Gold from C$45.00 to C$62.00 in a research report on Friday, May 9th. Desjardins increased their price target on Lundin Gold from C$38.00 to C$42.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. CIBC increased their price target on Lundin Gold from C$44.00 to C$46.00 in a research report on Thursday, April 17th. Royal Bank of Canada increased their price target on Lundin Gold from C$50.00 to C$54.00 in a research report on Wednesday. Finally, Raymond James increased their price target on Lundin Gold from C$32.00 to C$43.00 in a research report on Friday, April 4th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$48.98.

About Lundin Gold

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.