Lundin Gold Inc. (TSE:LUG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Lundin Gold Inc. (TSE:LUG) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$32.55.

A number of brokerages have recently commented on LUG. CIBC raised their price objective on shares of Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. BMO Capital Markets cut shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. Scotiabank decreased their price objective on shares of Lundin Gold from C$31.50 to C$30.00 in a research report on Tuesday, December 10th. Canaccord Genuity Group cut Lundin Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their price target on Lundin Gold from C$27.00 to C$31.00 in a report on Friday, December 6th.

Lundin Gold Stock Up 0.1 %

LUG stock opened at C$30.64 on Wednesday. The company has a market capitalization of C$7.35 billion, a P/E ratio of 23.75 and a beta of 1.23. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$35.89. The firm’s fifty day simple moving average is C$32.08 and its 200-day simple moving average is C$28.53. 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 (TSE:LUG) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.76 earnings per share for the quarter, topping the consensus estimate of C$0.60 by C$0.16. The company had revenue of C$440.77 million for the quarter. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. As a group, equities research analysts forecast that Lundin Gold will post 2.5603448 earnings per share for the current year.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Thursday, December 5th. Lundin Gold’s dividend payout ratio is presently 82.95%.

About Lundin Gold

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.