Lundin Gold (TSE:LUG) Price Target Raised to C$24.75

Lundin Gold (TSE:LUG) had its target price hoisted by National Bankshares from C$24.50 to C$24.75 in a research note published on Friday morning, BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. Scotiabank increased their target price on shares of Lundin Gold from C$20.00 to C$21.00 and gave the company a sector perform rating in a report on Thursday, March 28th. Veritas Investment Research increased their target price on shares of Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Jefferies Financial Group set a C$19.00 target price on shares of Lundin Gold and gave the company a buy rating in a report on Thursday, February 29th. Raymond James set a C$17.50 target price on shares of Lundin Gold and gave the company an outperform rating in a report on Thursday, January 25th. Finally, Cormark upgraded shares of Lundin Gold from a market perform rating to a buy rating and increased their target price for the company from C$21.00 to C$22.00 in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of C$21.48.

Lundin Gold Stock Performance

LUG opened at C$20.18 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 31.98. The company’s fifty day moving average price is C$17.54 and its two-hundred day moving average price is C$16.60. Lundin Gold has a 1-year low of C$14.23 and a 1-year high of C$20.36. The company has a market cap of C$4.81 billion, a price-to-earnings ratio of 19.78 and a beta of 1.10.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. The business had revenue of C$259.63 million for the quarter. On average, analysts expect that Lundin Gold will post 1.3629738 EPS for the current fiscal year.

Lundin Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were issued a dividend of $0.269 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 5.33%. Lundin Gold’s dividend payout ratio (DPR) is presently 52.94%.

Insider Buying and Selling

In related news, Director Ronald F. Hochstein sold 100,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. 59.46% 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.