Lundin Gold Inc. (TSE:LUG) Receives C$29.42 Consensus PT from Analysts

Lundin Gold Inc. (TSE:LUG) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$29.92.

Several equities analysts have recently weighed in on the company. Desjardins raised Lundin Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Canaccord Genuity Group lowered Lundin Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Raymond James lowered Lundin Gold from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$25.00 to C$29.00 in a research report on Monday, September 23rd. CIBC boosted their price target on Lundin Gold from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group boosted their price target on Lundin Gold from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th.

Insider Activity at Lundin Gold

In related news, Senior Officer Chester See sold 14,900 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. Also, Senior Officer Terrence Smith sold 25,740 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$29.52, for a total value of C$759,826.78. In the last ninety days, insiders have sold 72,840 shares of company stock valued at $2,146,122. Corporate insiders own 58.72% of the company’s stock.

Lundin Gold Trading Up 1.7 %

Shares of LUG stock opened at C$32.88 on Tuesday. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$35.89. The stock has a market cap of C$7.89 billion, a P/E ratio of 25.32 and a beta of 1.23. The business has a fifty day simple moving average of C$31.50 and a 200-day simple moving average of C$25.54. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28.

Lundin Gold (TSE:LUG) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.60 by C$0.16. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The firm had revenue of C$440.77 million for the quarter. On average, analysts forecast that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, December 5th. Lundin Gold’s dividend payout ratio is currently 82.95%.

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.