Lundin Gold (TSE:LUG) Given New C$24.75 Price Target at National Bankshares

Lundin Gold (TSE:LUG) had its target price boosted by National Bankshares from C$24.50 to C$24.75 in a report published on Friday, BayStreet.CA reports.

Several other equities analysts have also weighed in on LUG. Jefferies Financial Group set a C$19.00 target price on shares of Lundin Gold and gave the company a buy rating in a report on Thursday, February 29th. Scotiabank boosted their target price on shares of Lundin Gold from C$20.00 to C$21.00 and gave the company a sector perform rating in a report on Thursday, March 28th. Veritas Investment Research boosted their target price on shares of Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Cormark upgraded shares of Lundin Gold from a market perform rating to a buy rating and boosted their target price for the company from C$21.00 to C$22.00 in a report on Friday, April 12th. Finally, Raymond James set a C$17.50 target price on shares of Lundin Gold and gave the company an outperform rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$21.48.

Lundin Gold Stock Performance

LUG opened at C$20.18 on Friday. The firm has a market capitalization of C$4.81 billion, a PE ratio of 19.78 and a beta of 1.10. Lundin Gold has a twelve month low of C$14.23 and a twelve month high of C$20.36. The firm’s 50-day moving average price is C$17.54 and its 200 day moving average price is C$16.58. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 31.98.

Lundin Gold (TSE:LUG) last posted its earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The firm had revenue of C$259.63 million during the quarter. Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. As a group, sell-side analysts expect that Lundin Gold will post 1.3629738 EPS for the current fiscal year.

Lundin Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a dividend of $0.269 per share. This represents a $1.08 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend was Thursday, March 7th. Lundin Gold’s payout ratio is currently 52.94%.

Insider Buying and Selling

In related news, Director Ronald F. Hochstein sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. 59.46% of the stock is owned by insiders.

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.