Shares of Lundin Gold Inc. (OTCMKTS:LUGDF – Get Free Report) shot up 2% during mid-day trading on Friday . The stock traded as high as C$12.67 and last traded at C$12.57. 5,538 shares were traded during trading, a decline of 13% from the average session volume of 6,363 shares. The stock had previously closed at C$12.32.
Analyst Ratings Changes
Several research analysts have recently commented on LUGDF shares. National Bank Financial raised their price target on Lundin Gold from C$20.50 to C$21.00 in a research report on Friday, July 21st. Royal Bank of Canada started coverage on Lundin Gold in a research report on Tuesday, August 15th. They set a “sector perform” rating for the company.
Lundin Gold Trading Up 2.0 %
Lundin Gold Increases Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, September 26th. Stockholders of record on Monday, September 11th were given a dividend of $0.1002 per share. This is a boost from Lundin Gold’s previous dividend of $0.10. This represents a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, September 8th.
Lundin Gold Company Profile
Lundin Gold Inc operates as a mining company in Canada. The company holds interests in metallic mineral concessions and 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 concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.
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