Lundin Gold Inc. (TSE:LUG) Receives C$27.42 Consensus Target Price from Analysts

by · The Cerbat Gem

Lundin Gold Inc. (TSE:LUG – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$27.92.

LUG has been the subject of several research reports. Raymond James cut Lundin Gold from an “outperform” rating to a “market perform” rating and increased their price objective for the company from C$25.00 to C$29.00 in a research report on Monday, September 23rd. National Bankshares increased their price objective on Lundin Gold from C$30.75 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. CIBC lifted their price target on shares of Lundin Gold from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Scotiabank increased their price objective on shares of Lundin Gold from C$23.50 to C$25.50 in a research note on Monday, August 19th. Finally, Cormark lifted their target price on shares of Lundin Gold from C$26.00 to C$27.00 in a research report on Friday, August 9th.

Read Our Latest Stock Analysis on LUG

Insider Transactions at Lundin Gold

In other news, Senior Officer Terrence Smith sold 25,740 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$29.52, for a total transaction of C$759,826.78. In other Lundin Gold news, Senior Officer Chester See sold 14,900 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total transaction of C$448,490.00. Also, Senior Officer Terrence Smith sold 25,740 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$29.52, for a total transaction of C$759,826.78. Over the last 90 days, insiders sold 72,840 shares of company stock valued at $2,146,122. Corporate insiders own 58.75% of the company’s stock.

Lundin Gold Trading Up 1.5 %

Shares of TSE:LUG opened at C$31.17 on Monday. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The stock’s 50-day moving average is C$26.93 and its 200-day moving average is C$22.46. The company has a market cap of C$7.48 billion, a P/E ratio of 24.54 and a beta of 1.23. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$31.72.

Lundin Gold (TSE:LUG – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate of C$0.62 by C($0.07). Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The business had revenue of C$412.43 million during the quarter. Equities research analysts predict that Lundin Gold will post 2.5618964 earnings per share for the current year.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.551 per share. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $2.20 annualized dividend and a dividend yield of 7.07%. Lundin Gold’s dividend payout ratio (DPR) is presently 84.25%.

Lundin Gold Company Profile

(Get Free Report

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.

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