Lundin Gold (TSE:LUG) Stock Crosses Below Fifty Day Moving Average of $15.79

Lundin Gold Inc. (TSE:LUGGet Free Report)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$15.79 and traded as low as C$15.42. Lundin Gold shares last traded at C$15.45, with a volume of 275,357 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets upped their target price on Lundin Gold from C$20.00 to C$22.00 in a research report on Wednesday, December 13th. National Bankshares upped their target price on Lundin Gold from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Wednesday. Desjardins upped their target price on Lundin Gold from C$19.75 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. Cormark upped their target price on Lundin Gold from C$19.00 to C$20.00 in a research report on Wednesday, December 6th. Finally, Raymond James set a C$17.50 target price on Lundin Gold and gave the company an “outperform” rating in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$19.67.

View Our Latest Stock Report on Lundin Gold

Lundin Gold Trading Down 0.1 %

The company has a fifty day moving average of C$15.74 and a 200-day moving average of C$15.92. The company has a market capitalization of C$3.67 billion, a price-to-earnings ratio of 28.04 and a beta of 1.10. The company has a current ratio of 2.23, a quick ratio of 1.41 and a debt-to-equity ratio of 37.89.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Monday, March 25th will be paid a $0.269 dividend. This represents a $1.08 annualized dividend and a dividend yield of 6.98%. The ex-dividend date is Thursday, March 7th. Lundin Gold’s dividend payout ratio is currently 96.36%.

Insider Activity at Lundin Gold

In related news, Senior Officer Sheila Margaret Colman sold 5,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of C$17.35, for a total value of C$86,750.00. 59.36% of the stock is owned by corporate insiders.

Lundin Gold Company Profile

(Get Free Report)

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in metallic mineral concessions and 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 concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.

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