Lundin Gold hits new highs and hikes its dividend

Article Excerpt

Lundin Gold continues to soar to all-time highs—it’s up 238.8% for our subscribers since the start of 2024. All in all, the company’s shares give you exposure to one of the largest and highest-grade gold deposits globally. Lundin Gold is a buy. LUNDIN GOLD, $55.22, is a buy. The miner (Toronto symbol LUG; TSINetwork Rating: Speculative) (www.lundingold.com; Shares outstanding: 240.4 million; Market cap: $13.9 billion; Dividend yield: 2.5%) owns and operates the Fruta del Norte mine in Ecuador. Production began at the mine in February 2020. The company has just reported gold production of 117,313 ounces in the first quarter of 2025 from Fruta del Norte. That was up 5.1%, from 111,572 ounces a year earlier. Meanwhile, the company began paying dividends in 2022, and then increased its quarterly dividend by 100% with the September 2024 payment, to $0.20 U.S. from $0.10 U.S. Lundin raised its quarterly dividend further, by 50%, with the March 2025 payment, to $0.30 U.S. from $0.20 U.S. The shares now yield 2.5%. Lundin Gold…