Shares of Lundin Gold Inc. (TSE:LUG – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, MarketBeat reports. Five 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 1-year target price among brokerages that have issued ratings on the stock in the last year is C$33.15.
LUG has been the topic of a number of research analyst reports. Jefferies Financial Group cut Lundin Gold from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$37.00 to C$36.00 in a report on Wednesday, December 11th. Cormark upgraded shares of Lundin Gold from a “market perform” rating to a “buy” rating and upped their target price for the stock from C$35.00 to C$38.00 in a research report on Friday, January 10th. Royal Bank of Canada lifted their price target on shares of Lundin Gold from C$27.00 to C$31.00 in a report on Friday, December 6th. TD Securities increased their price objective on shares of Lundin Gold from C$27.00 to C$38.00 in a report on Friday, October 18th. Finally, BMO Capital Markets cut Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th.
View Our Latest Analysis on Lundin Gold
Insider Transactions at Lundin Gold
Lundin Gold Stock Performance
Shares of TSE LUG opened at C$34.30 on Wednesday. The stock has a market cap of C$8.23 billion, a PE ratio of 26.59 and a beta of 1.23. Lundin Gold has a 1 year low of C$14.23 and a 1 year high of C$35.89. The firm has a fifty day moving average price of C$32.06 and a 200-day moving average price of C$28.99. 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 – Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.60 by C$0.16. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The business had revenue of C$440.77 million during the quarter. Equities analysts anticipate that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.
Lundin Gold Cuts Dividend
The business also recently disclosed 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 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, December 5th. Lundin Gold’s payout ratio 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.
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