Lundin Gold Inc. (TSE:LUG) Receives C$35.45 Consensus Target Price from Analysts

Shares of Lundin Gold Inc. (TSE:LUG - Get Free Report) have been assigned a consensus rating of "Hold" from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$35.45.

A number of research analysts have recently issued reports on the company. BMO Capital Markets lowered Lundin Gold from an "outperform" rating to a "market perform" rating in a research report on Tuesday, December 10th. Cibc World Mkts lowered shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 20th. TD Securities raised their price target on shares of Lundin Gold from C$40.00 to C$46.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. CIBC lowered Lundin Gold from an "outperform" rating to a "neutral" rating and boosted their price objective for the stock from C$41.00 to C$44.00 in a research note on Thursday, March 20th. Finally, Royal Bank of Canada increased their price objective on Lundin Gold from C$31.00 to C$35.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th.

Lundin Gold Stock Up 1.6 %

Shares of TSE:LUG traded up C$0.69 during trading on Monday, reaching C$43.52. 382,220 shares of the company's stock traded hands, compared to its average volume of 416,139. Lundin Gold has a fifty-two week low of C$18.08 and a fifty-two week high of C$45.82. The company has a 50-day simple moving average of C$39.10 and a 200-day simple moving average of C$34.30. The firm has a market cap of C$7.43 billion, a PE ratio of 24.43 and a beta of 1.23.

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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 $0.43 dividend. 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 3.95%. Lundin Gold's dividend payout ratio (DPR) is 60.06%.

Insiders Place Their Bets

In other Lundin Gold news, Senior Officer Chester See sold 5,800 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$40.92, for a total value of C$237,321.50. Also, Director Ian Gibbs sold 14,200 shares of Lundin Gold stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$41.40, for a total transaction of C$587,880.00. Insiders sold 144,685 shares of company stock valued at $5,854,985 in the last ninety days. Insiders own 58.72% of the company's stock.

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.