Brokerages Set Lundin Gold Inc. (TSE:LUG) PT at C$33.30

Shares of Lundin Gold Inc. (TSE:LUG) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$33.30.

A number of analysts have commented on LUG shares. Cormark upgraded Lundin Gold from a “market perform” rating to a “buy” rating and raised their price objective for the stock from C$35.00 to C$38.00 in a research report on Friday, January 10th. BMO Capital Markets downgraded Lundin Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 10th. TD Securities lifted their price target on shares of Lundin Gold from C$27.00 to C$38.00 in a report on Friday, October 18th. Canaccord Genuity Group cut shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Scotiabank raised their price objective on shares of Lundin Gold from C$30.00 to C$31.50 in a report on Wednesday, January 15th.

Lundin Gold Stock Up 0.9 %

Shares of Lundin Gold stock opened at C$39.88 on Friday. The stock has a market capitalization of C$9.57 billion, a P/E ratio of 30.91 and a beta of 1.23. Lundin Gold has a 12-month low of C$14.23 and a 12-month high of C$40.00. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28. The stock has a 50 day moving average price of C$33.30 and a two-hundred day moving average price of C$30.51.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, beating analysts’ consensus estimates 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. Equities analysts expect that Lundin Gold will post 2.5603448 earnings per share for the current year.

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.01%. Lundin Gold’s payout ratio is currently 82.95%.

Insider Activity at Lundin Gold

In other Lundin Gold news, Director Pablo Mir sold 11,535 shares of the firm’s stock in a transaction that occurred 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 currently owned by corporate 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.