Analysts Set Lundin Gold Inc. (TSE:LUG) Price Target at C$88.73

Shares of Lundin Gold Inc. (TSE:LUG) have received an average recommendation of “Reduce” from the nine ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$88.73.

A number of equities analysts have weighed in on the stock. CIBC increased their target price on shares of Lundin Gold from C$116.00 to C$123.00 in a research report on Thursday, November 13th. JPMorgan Chase & Co. upped their price target on shares of Lundin Gold from C$16.00 to C$28.00 in a research note on Friday, October 10th. Cormark raised their price objective on shares of Lundin Gold from C$100.00 to C$115.00 in a report on Wednesday, January 14th. Jefferies Financial Group lifted their price objective on shares of Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. Finally, Canaccord Genuity Group boosted their target price on shares of Lundin Gold from C$103.00 to C$108.00 in a report on Wednesday, November 12th.

Lundin Gold Stock Performance

Shares of LUG stock opened at C$121.00 on Friday. The firm has a market cap of C$29.21 billion, a price-to-earnings ratio of 42.76 and a beta of 1.21. The firm’s 50-day simple moving average is C$114.48 and its two-hundred day simple moving average is C$95.22. Lundin Gold has a 52 week low of C$34.07 and a 52 week high of C$124.13.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.86 earnings per share for the quarter. Lundin Gold had a return on equity of 29.88% and a net margin of 29.56%.The business had revenue of C$622.58 million during the quarter. Analysts forecast that Lundin Gold will post 2.5603448 earnings per share for the current year.

Lundin Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 22nd were paid a dividend of $0.7058 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, December 5th. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.68. Lundin Gold’s dividend payout ratio is presently 61.48%.

Lundin Gold Company Profile

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.