Lundin Gold Inc. (TSE:LUG) Senior Officer Nathan Saul Monash Sells 11,000 Shares

Lundin Gold Inc. (TSE:LUGGet Rating) Senior Officer Nathan Saul Monash sold 11,000 shares of the stock in a transaction on Friday, January 13th. The shares were sold at an average price of C$15.36, for a total value of C$168,911.60. Following the completion of the sale, the insider now owns 22,000 shares of the company’s stock, valued at C$337,823.20.

Nathan Saul Monash also recently made the following trade(s):

  • On Friday, December 9th, Nathan Saul Monash sold 22,600 shares of Lundin Gold stock. The shares were sold at an average price of C$14.43, for a total value of C$326,095.40.
  • On Thursday, November 10th, Nathan Saul Monash sold 30,000 shares of Lundin Gold stock. The shares were sold at an average price of C$11.92, for a total value of C$357,633.00.

Lundin Gold Stock Down 1.6 %

TSE:LUG opened at C$15.10 on Tuesday. The company has a debt-to-equity ratio of 64.04, a quick ratio of 1.41 and a current ratio of 1.78. The stock has a 50-day simple moving average of C$13.09 and a 200 day simple moving average of C$10.59. Lundin Gold Inc. has a one year low of C$7.80 and a one year high of C$15.56. The company has a market capitalization of C$3.56 billion and a price-to-earnings ratio of 15.41.

Lundin Gold (TSE:LUGGet Rating) last issued its earnings results on Tuesday, November 8th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.16). The business had revenue of C$274.57 million for the quarter. Sell-side analysts predict that Lundin Gold Inc. will post 0.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LUG has been the subject of several recent analyst reports. Cormark raised their target price on Lundin Gold from C$13.00 to C$13.50 in a research note on Thursday, December 1st. Haywood Securities downgraded Lundin Gold from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$12.75 to C$14.00 in a research note on Friday, December 2nd. Canaccord Genuity Group set a C$15.00 price target on Lundin Gold and gave the stock a “buy” rating in a research note on Monday, November 21st. Finally, National Bankshares lifted their price target on Lundin Gold from C$14.00 to C$16.50 and gave the stock a “sector perform” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$14.33.

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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