Lundin Gold Inc. (TSE:LUG) Given Average Recommendation of "Moderate Buy" by Brokerages

Lundin Gold Inc. (TSE:LUG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$32.55.

Several research firms have recently commented on LUG. Cormark increased their price objective on Lundin Gold from C$27.00 to C$32.00 and gave the company a "hold" rating in a report on Thursday, October 10th. Royal Bank of Canada boosted their price objective on shares of Lundin Gold from C$27.00 to C$31.00 in a research note on Friday, December 6th. Raymond James downgraded shares of Lundin Gold from an "outperform" rating to a "market perform" rating and raised their target price for the company from C$25.00 to C$29.00 in a research note on Monday, September 23rd. Canaccord Genuity Group downgraded Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Finally, CIBC raised their price objective on Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd.

Insiders Place Their Bets

In other news, Director Pablo Mir sold 11,535 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total transaction of C$355,001.16. Corporate insiders own 58.72% of the company's stock.

Lundin Gold Stock Up 1.3 %

TSE LUG traded up C$0.40 during trading on Wednesday, hitting C$31.04. The stock had a trading volume of 405,730 shares, compared to its average volume of 286,718. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$35.89. 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 company's 50-day moving average price is C$32.08 and its two-hundred day moving average price is C$28.53. The company has a market capitalization of C$7.45 billion, a PE ratio of 24.06 and a beta of 1.23.

Lundin Gold (TSE:LUG - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, topping analysts' consensus estimates of C$0.60 by C$0.16. The business had revenue of C$440.77 million for the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. As a group, sell-side analysts forecast that Lundin Gold will post 2.5603448 EPS for the current year.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. Lundin Gold's dividend payout ratio (DPR) is presently 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.