Lundin Gold Inc. (OTCMKTS:LUGDF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating.

Several equities research analysts recently weighed in on the company. Raymond James Financial reaffirmed a “market perform” rating on shares of Lundin Gold in a research note on Friday, October 10th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Lundin Gold in a research note on Thursday, October 9th. CIBC reaffirmed a “neutral” rating on shares of Lundin Gold in a research note on Monday, August 11th. Scotiabank reaffirmed a “sector perform” rating on shares of Lundin Gold in a research note on Thursday. Finally, TD Securities cut Lundin Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, July 16th.

Lundin Gold Price Performance

LUGDF opened at C$68.51 on Thursday. Lundin Gold has a 52-week low of C$20.23 and a 52-week high of C$82.68. The stock’s 50 day moving average price is C$65.19 and its 200-day moving average price is C$53.51.

Lundin Gold Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were issued a $0.2992 dividend. This represents a yield of 184.0%. The ex-dividend date of this dividend was Wednesday, September 10th.

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.