Lundin Gold (TSE:LUG) Upgraded at Cormark

Cormark upgraded shares of Lundin Gold (TSE:LUG - Free Report) from a market perform rating to a buy rating in a research report released on Monday, Marketbeat reports. They currently have C$54.00 price target on the stock, up from their prior price target of C$42.00. Cormark also issued estimates for Lundin Gold's FY2025 earnings at $2.80 EPS.

LUG has been the topic of a number of other reports. Cibc World Mkts downgraded shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. Jefferies Financial Group raised their target price on Lundin Gold from C$36.00 to C$45.00 in a research note on Friday, April 4th. Raymond James upped their price objective on Lundin Gold from C$32.00 to C$43.00 in a report on Friday, April 4th. Royal Bank of Canada boosted their price target on shares of Lundin Gold from C$37.00 to C$42.00 in a research note on Friday, April 4th. Finally, Desjardins upped their target price on shares of Lundin Gold from C$38.00 to C$42.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lundin Gold has an average rating of "Moderate Buy" and an average target price of C$42.20.

Lundin Gold Stock Up 2.1 %

LUG stock traded up C$1.22 during trading on Monday, hitting C$58.12. 698,734 shares of the company's stock traded hands, compared to its average volume of 448,863. The firm has a market capitalization of C$9.92 billion, a P/E ratio of 32.62 and a beta of 1.23. The business has a fifty day simple moving average of C$43.49 and a two-hundred day simple moving average of C$36.79. Lundin Gold has a 1 year low of C$18.14 and a 1 year high of C$58.41.

Lundin Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 26th were issued a dividend of $0.43 per share. This is a boost from Lundin Gold's previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, March 11th. This represents a $1.72 annualized dividend and a yield of 2.96%. Lundin Gold's payout ratio is presently 60.06%.

Insider Buying and Selling at Lundin Gold

In other news, Senior Officer Sheila Margaret Colman sold 9,900 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$41.74, for a total value of C$413,226.00. Also, Director Ronald F. Hochstein sold 88,750 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$41.42, for a total value of C$3,675,732.13. Over the last ninety days, insiders sold 133,150 shares of company stock valued at $5,499,984. 58.72% of the stock is currently owned by corporate insiders.

About Lundin Gold

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.