Lundin Gold Inc. (TSE:LUG – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$90.47 and traded as low as C$73.51. Lundin Gold shares last traded at C$74.75, with a volume of 731,002 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on LUG shares. Royal Bank Of Canada raised their target price on Lundin Gold from C$91.00 to C$113.00 in a report on Thursday, March 12th. ATB Cormark Capital Markets upgraded Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 price target for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Lundin Gold currently has a consensus rating of “Hold” and a consensus price target of C$101.58.
Lundin Gold Price Performance
Lundin Gold (TSE:LUG – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$1.57 earnings per share (EPS) for the quarter. The business had revenue of C$788.83 million during the quarter. Lundin Gold had a net margin of 45.73% and a return on equity of 68.29%. As a group, equities research analysts anticipate that Lundin Gold Inc. will post 2.5603448 EPS for the current fiscal year.
Lundin Gold Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Wednesday, June 10th. Lundin Gold’s dividend payout ratio is 84.62%.
Lundin Gold Company Profile
Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.
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