Lundin Gold Inc. (TSE:LUG) Receives C$32.55 Consensus Target Price from Analysts

Shares of Lundin Gold Inc. (TSE:LUG - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Six 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 1-year target price among analysts that have covered the stock in the last year is C$32.55.

Several equities research analysts recently commented on LUG shares. Raymond James cut Lundin Gold from an "outperform" rating to a "market perform" rating and increased their price target for the company from C$25.00 to C$29.00 in a report on Monday, September 23rd. Canaccord Genuity Group lowered Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 22nd. CIBC boosted their price target on shares of Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. BMO Capital Markets lowered shares of Lundin Gold from an "outperform" rating to a "market perform" rating in a report on Tuesday. Finally, Jefferies Financial Group downgraded shares of Lundin Gold from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$37.00 to C$36.00 in a research note on Wednesday.

Insider Activity at Lundin Gold

In other Lundin Gold news, Senior Officer Chester See sold 14,900 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total value of C$448,490.00. Also, Director Ronald F. Hochstein sold 16,200 shares of the business's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$29.50, for a total transaction of C$477,891.90. In the last quarter, insiders sold 56,840 shares of company stock worth $1,686,209. Insiders own 58.72% of the company's stock.

Lundin Gold Price Performance

Shares of TSE LUG traded down C$0.54 during mid-day trading on Friday, reaching C$31.38. The company's stock had a trading volume of 428,800 shares, compared to its average volume of 281,107. The stock has a 50-day moving average of C$32.81 and a two-hundred day moving average of C$27.10. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The stock has a market capitalization of C$7.53 billion, a P/E ratio of 24.33 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.

Lundin Gold (TSE:LUG - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, beating analysts' consensus estimates of C$0.60 by C$0.16. The company had revenue of C$440.77 million during the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. On average, equities research analysts anticipate that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

Lundin Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.55%. Lundin Gold's payout ratio is currently 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.