Lundin Gold Inc. (LUG) To Go Ex-Dividend on September 10th

Lundin Gold Inc. (TSE:LUG) announced a quarterly dividend on Tuesday, September 10th, Zacks reports. Stockholders of record on Wednesday, September 25th will be paid a dividend of 0.551 per share on Wednesday, September 25th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date is Tuesday, September 10th. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10.

Lundin Gold Price Performance

Shares of Lundin Gold stock opened at C$25.86 on Friday. The stock has a market cap of C$6.20 billion, a PE ratio of 20.36 and a beta of 1.23. Lundin Gold has a 52 week low of C$14.23 and a 52 week high of C$28.26. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28. The company’s 50-day moving average price is C$24.14 and its two-hundred day moving average price is C$20.68.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data 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 company 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%. As a group, sell-side analysts anticipate that Lundin Gold will post 2.5546059 EPS for the current fiscal year.

Insider Buying and Selling at Lundin Gold

In other news, Senior Officer Chester See sold 30,100 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$20.27, for a total transaction of C$610,253.42. Corporate insiders own 58.79% of the company’s stock.

Analyst Upgrades and Downgrades

LUG has been the subject of a number of recent analyst reports. Scotiabank increased their target price on shares of Lundin Gold from C$23.50 to C$25.50 in a research report on Monday, August 19th. Jefferies Financial Group lifted their price objective on Lundin Gold from C$24.00 to C$26.00 in a research report on Friday, July 12th. Raymond James upped their target price on shares of Lundin Gold from C$21.00 to C$25.00 in a research report on Wednesday, July 31st. TD Securities boosted their price objective on Lundin Gold from C$24.00 to C$27.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, National Bank Financial upgraded shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 7th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$26.27.

About Lundin Gold

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.