Lundin Gold Inc. (TSE:LUG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Lundin Gold Inc. (TSE:LUG) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$22.90.

Several equities research analysts recently issued reports on the company. Veritas Investment Research upped their price target on Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Desjardins raised Lundin Gold to a “moderate buy” rating in a research report on Friday, May 10th. Raymond James upped their price target on Lundin Gold from C$17.50 to C$21.00 in a research report on Tuesday, April 23rd. Jefferies Financial Group upped their price target on Lundin Gold from C$23.00 to C$24.00 in a research report on Thursday, June 6th. Finally, Canaccord Genuity Group increased their price objective on Lundin Gold from C$22.75 to C$23.25 in a report on Tuesday, April 23rd.

Insider Buying and Selling

In related news, Senior Officer Chester See sold 30,100 shares of Lundin Gold stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$20.27, for a total value of C$610,253.42. In other Lundin Gold news, Senior Officer Chester See sold 30,100 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$20.27, for a total transaction of C$610,253.42. Also, Director Ian Gibbs sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$19.90, for a total value of C$597,000.00. Over the last quarter, insiders sold 110,100 shares of company stock worth $2,219,753. Corporate insiders own 58.99% of the company’s stock.

Lundin Gold Stock Performance

Lundin Gold stock opened at C$20.08 on Friday. Lundin Gold has a 12-month low of C$14.23 and a 12-month high of C$20.82. The company has a quick ratio of 1.41, a current ratio of 3.08 and a debt-to-equity ratio of 33.65. The business’s 50-day moving average price is C$19.52 and its two-hundred day moving average price is C$17.64. The stock has a market cap of C$4.80 billion, a PE ratio of 20.92 and a beta of 1.14.

Lundin Gold (TSE:LUG) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.32 earnings per share for the quarter, missing the consensus estimate of C$0.33 by C($0.01). The firm had revenue of C$305.68 million for the quarter. Lundin Gold had a return on equity of 18.30% and a net margin of 19.47%. As a group, analysts expect that Lundin Gold will post 1.6959518 earnings per share for the current fiscal year.

Lundin Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Tuesday, June 25th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.40 annualized dividend and a yield of 1.99%. Lundin Gold’s dividend payout ratio is currently 57.29%.

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.