Lundin Gold Inc. (TSE:LUG) Receives C$22.25 Average PT from Analysts

Lundin Gold Inc. (TSE:LUG) has received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$22.25.

A number of research analysts have recently issued reports on LUG shares. Raymond James raised their price target on shares of Lundin Gold from C$17.50 to C$21.00 in a research report on Tuesday, April 23rd. Scotiabank increased their price target on Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 28th. Cormark lifted their price objective on shares of Lundin Gold from C$22.00 to C$23.00 in a research note on Friday, April 19th. Veritas Investment Research increased their target price on shares of Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. Finally, Canaccord Genuity Group boosted their price target on shares of Lundin Gold from C$22.75 to C$23.25 in a research report on Tuesday, April 23rd.

Lundin Gold Stock Down 0.6 %

TSE:LUG opened at C$18.44 on Friday. The stock has a 50-day simple moving average of C$18.23 and a 200 day simple moving average of C$16.82. Lundin Gold has a one year low of C$14.23 and a one year high of C$20.36. The company has a market capitalization of C$4.40 billion, a price-to-earnings ratio of 18.08 and a beta of 1.14. The company has a debt-to-equity ratio of 31.98, a quick ratio of 1.41 and a current ratio of 2.86.

Lundin Gold (TSE:LUG) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. The firm had revenue of C$259.63 million during the quarter. Sell-side analysts predict that Lundin Gold will post 1.5100888 EPS for the current fiscal year.

Lundin Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a $0.269 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.08 annualized dividend and a dividend yield of 5.84%. Lundin Gold’s dividend payout ratio is currently 52.94%.

Insider Activity at Lundin Gold

In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$16.73, for a total value of C$1,673,330.00. Company insiders own 59.03% of the company’s stock.

Lundin Gold Company Profile

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.