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

Lundin Gold Inc. (TSE:LUG) has received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$22.25.

Several equities analysts have recently weighed in on the stock. Veritas Investment Research lifted 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 upped their price objective on shares of Lundin Gold from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Raymond James raised their target price on Lundin Gold from C$17.50 to C$21.00 in a research report on Tuesday, April 23rd. National Bankshares upped their price target on Lundin Gold from C$24.50 to C$24.75 in a report on Friday, April 19th. Finally, Scotiabank raised their price objective on 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.

Insider Transactions at Lundin Gold

In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$16.73, for a total value of C$1,673,330.00. Insiders own 59.03% of the company’s stock.

Lundin Gold Price Performance

TSE:LUG opened at C$18.87 on Friday. The firm’s fifty day moving average is C$18.36 and its two-hundred day moving average is C$16.83. The firm has a market cap of C$4.51 billion, a price-to-earnings ratio of 18.50 and a beta of 1.14. The company has a debt-to-equity ratio of 31.98, a quick ratio of 1.41 and a current ratio of 2.86. Lundin Gold has a one year low of C$14.23 and a one year high of C$20.36.

Lundin Gold (TSE:LUG) last issued its earnings results on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The company had revenue of C$259.63 million during the quarter. Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. Research analysts expect that Lundin Gold will post 1.5100888 EPS for the current year.

Lundin Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a $0.269 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 5.70%. Lundin Gold’s payout ratio is currently 52.94%.

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.