Lundin Gold Inc. (TSE:LUG) Director Chantal Gosselin Sells 34,500 Shares of Stock

Lundin Gold Inc. (TSE:LUGGet Rating) Director Chantal Gosselin sold 34,500 shares of the firm’s stock in a transaction dated Friday, January 20th. The shares were sold at an average price of C$15.02, for a total value of C$518,238.30. Following the completion of the sale, the director now directly owns 14,150 shares in the company, valued at C$212,552.81.

Lundin Gold Stock Down 0.7 %

TSE LUG opened at C$15.05 on Monday. 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 firm has a 50-day simple moving average of C$13.37 and a 200 day simple moving average of C$10.77. Lundin Gold Inc. has a twelve month low of C$7.80 and a twelve month high of C$16.00. The stock has a market cap of C$3.55 billion and a PE ratio of 15.36.

Lundin Gold (TSE:LUGGet Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported C$0.12 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. On average, research analysts forecast that Lundin Gold Inc. will post 0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

LUG has been the topic of several research analyst reports. National Bankshares raised their price target on Lundin Gold from C$14.00 to C$16.50 and gave the company a “sector perform” rating in a research report on Friday, January 13th. Haywood Securities downgraded Lundin Gold from a “buy” rating to a “hold” rating and raised their price target for the company from C$12.75 to C$14.00 in a research report on Friday, December 2nd. Cormark raised their price target on Lundin Gold from C$13.00 to C$13.50 in a research report on Thursday, December 1st. Finally, Canaccord Genuity Group set a C$15.00 target price on shares of Lundin Gold and gave the company a “buy” rating in a research note on Monday, November 21st.

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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Insider Buying and Selling by Quarter for Lundin Gold (TSE:LUG)

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