Sheila Margaret Colman Sells 20,000 Shares of Lundin Gold Inc. (TSE:LUG) Stock

Lundin Gold Inc. (TSE:LUGGet Rating) Senior Officer Sheila Margaret Colman sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of C$12.50, for a total transaction of C$250,000.00. Following the sale, the insider now owns 28,645 shares in the company, valued at C$358,062.50.

Lundin Gold Trading Down 1.0 %

Lundin Gold stock traded down C$0.13 during trading hours on Thursday, reaching C$12.69. The stock had a trading volume of 12,000 shares, compared to its average volume of 218,939. The stock has a market cap of C$2.98 billion and a PE ratio of 13.49. The company has a fifty day simple moving average of C$10.28 and a 200-day simple moving average of C$9.75. The company has a debt-to-equity ratio of 64.04, a current ratio of 1.78 and a quick ratio of 1.41. Lundin Gold Inc. has a 52 week low of C$7.80 and a 52 week high of C$13.07.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Securities boosted their target price on shares of Lundin Gold from C$13.50 to C$14.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Canaccord Genuity Group set a C$15.00 price objective on Lundin Gold and gave the company a “buy” rating in a research note on Monday. National Bankshares raised their target price on Lundin Gold from C$11.00 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, November 10th. Finally, Cormark lifted their target price on Lundin Gold from C$12.00 to C$12.50 in a report on Thursday, August 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.25.

Lundin Gold Company Profile

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Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 hectares located in Southeast Ecuador. It primary holds interests in the Fruta del Norte gold project comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.

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