Brokerages Set Lundin Gold Inc. (TSE:LUG) PT at C$32.55

Shares of Lundin Gold Inc. (TSE:LUG) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$33.15.

Several equities research analysts recently commented on LUG shares. CIBC boosted their price objective on shares of Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Canaccord Genuity Group downgraded shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Scotiabank cut their price objective on Lundin Gold from C$31.50 to C$30.00 in a research report on Tuesday, December 10th. Jefferies Financial Group cut Lundin Gold from a “buy” rating to a “hold” rating and lowered their target price for the company from C$37.00 to C$36.00 in a report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their price target on Lundin Gold from C$27.00 to C$31.00 in a report on Friday, December 6th.

Insider Transactions at Lundin Gold

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

Lundin Gold Stock Performance

Shares of LUG opened at C$33.84 on Wednesday. The company has a market capitalization of C$8.12 billion, a PE ratio of 26.23 and a beta of 1.23. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$35.89. The company has a 50-day simple moving average of C$32.01 and a 200-day simple moving average of C$28.73. 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 posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.60 by C$0.16. The company had revenue of C$440.77 million during the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. Equities research analysts predict that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.36%. The ex-dividend date was Thursday, December 5th. Lundin Gold’s dividend payout ratio (DPR) is 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.