Jefferies Financial Group Boosts Lundin Gold (TSE:LUG) Price Target to C$23.00

Lundin Gold (TSE:LUG) had its target price boosted by Jefferies Financial Group from C$19.00 to C$23.00 in a research report report published on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

LUG has been the subject of a number of other research reports. National Bankshares boosted their price objective on Lundin Gold from C$24.50 to C$24.75 in a report on Friday, April 19th. Scotiabank boosted 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. Raymond James set a C$17.50 price objective on Lundin Gold and gave the company an outperform rating in a report on Thursday, January 25th. Veritas Investment Research boosted their price objective on Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Finally, Cormark boosted their price objective on Lundin Gold from C$22.00 to C$23.00 in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Lundin Gold has a consensus rating of Moderate Buy and a consensus price target of C$22.25.

Lundin Gold Stock Performance

TSE LUG opened at C$18.87 on Monday. The company has a market cap of C$4.49 billion, a P/E ratio of 18.57 and a beta of 1.10. The company has a debt-to-equity ratio of 31.98, a quick ratio of 1.41 and a current ratio of 2.86. The business’s 50 day moving average price is C$17.70 and its 200-day moving average price is C$16.66. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$20.36.

Lundin Gold (TSE:LUG) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. The business had revenue of C$259.63 million for the quarter. Sell-side analysts predict that Lundin Gold will post 1.3629738 earnings per share for the current year.

Lundin Gold Cuts Dividend

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

Insider Buying and Selling

In related news, Director Ronald F. Hochstein sold 100,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. 59.46% of the stock is currently owned by company insiders.

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.