Lundin Gold Inc. (TSE:LUG) Receives C$32.55 Average PT from Brokerages

Shares of Lundin Gold Inc. (TSE:LUG) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Six equities research 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 target price among analysts that have covered the stock in the last year is C$32.55.

A number of analysts have weighed in on LUG shares. Desjardins upgraded Lundin Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada upped their price target on Lundin Gold from C$27.00 to C$31.00 in a research report on Friday, December 6th. Jefferies Financial Group cut 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 research report on Wednesday, December 11th. BMO Capital Markets cut Lundin Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 10th. Finally, Canaccord Genuity Group cut Lundin Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 22nd.

Insider Transactions at Lundin Gold

In other news, Senior Officer Terrence Smith sold 25,740 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$29.52, for a total transaction of C$759,826.78. Also, Senior Officer Chester See sold 14,900 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total value of C$448,490.00. Company insiders own 58.72% of the company’s stock.

Lundin Gold Stock Performance

LUG opened at C$31.71 on Friday. The stock has a market cap of C$7.61 billion, a PE ratio of 24.58 and a beta of 1.23. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28. Lundin Gold has a 1 year low of C$14.23 and a 1 year high of C$35.89. The stock’s 50 day simple moving average is C$32.82 and its 200-day simple moving average is C$27.23.

Lundin Gold (TSE:LUG) last released its quarterly earnings data 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 business 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%. Sell-side analysts forecast that Lundin Gold will post 2.5603448 EPS for the current year.

Lundin Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, December 5th. Lundin Gold’s 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.