Lundin Gold Inc. (TSE:LUG) Receives C$33.30 Average PT from Brokerages

Lundin Gold Inc. (TSE:LUG) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$33.30.

A number of research analysts have recently weighed in on LUG shares. Jefferies Financial Group downgraded Lundin Gold from a “buy” rating to a “hold” rating and lowered their price target for the company from C$37.00 to C$36.00 in a report on Wednesday, December 11th. TD Securities lifted their target price on Lundin Gold from C$27.00 to C$38.00 in a research note on Friday, October 18th. Royal Bank of Canada increased their price target on shares of Lundin Gold from C$27.00 to C$31.00 in a research report on Friday, December 6th. Cormark upgraded shares of Lundin Gold from a “market perform” rating to a “buy” rating and raised their price target for the stock from C$35.00 to C$38.00 in a report on Friday, January 10th. Finally, Scotiabank increased their target price on shares of Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th.

Lundin Gold Stock Performance

Shares of LUG opened at C$37.64 on Friday. The company has a 50-day moving average of C$33.16 and a two-hundred day moving average of C$30.39. The stock has a market cap of C$9.03 billion, a price-to-earnings ratio of 29.18 and a beta of 1.23. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41. Lundin Gold has a one year low of C$14.23 and a one year high of C$38.00.

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

Lundin Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.13%. Lundin Gold’s dividend payout ratio (DPR) is presently 82.95%.

Insider Activity at Lundin Gold

In other Lundin Gold news, Director Pablo Mir sold 11,535 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total transaction of C$355,001.16. 58.72% of the stock is owned by company 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.