Lundin Gold (TSE:LUG) Price Target Raised to C$27.50

Lundin Gold (TSE:LUG) had its price objective increased by Canaccord Genuity Group from C$25.00 to C$27.50 in a research note issued to investors on Tuesday, BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the stock. Veritas Investment Research lifted their price target on shares of Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. Scotiabank lifted their price objective on Lundin Gold from C$21.00 to C$23.50 in a research note on Thursday, May 23rd. CIBC increased their target price on Lundin Gold from C$22.00 to C$25.00 in a research note on Wednesday, July 10th. Raymond James lifted their price target on Lundin Gold from C$17.50 to C$21.00 in a research report on Tuesday, April 23rd. Finally, National Bank Financial upgraded Lundin Gold from a hold rating to a strong-buy rating in a research note on Sunday, July 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of C$24.07.

Lundin Gold Trading Down 2.0 %

TSE LUG opened at C$22.19 on Tuesday. The firm has a market cap of C$5.30 billion, a PE ratio of 23.11 and a beta of 1.14. Lundin Gold has a 1-year low of C$14.23 and a 1-year high of C$23.83. The company has a current ratio of 3.08, a quick ratio of 1.41 and a debt-to-equity ratio of 33.65. The stock has a 50-day moving average of C$20.70 and a 200-day moving average of C$18.50.

Lundin Gold (TSE:LUG) last posted its earnings results on Wednesday, May 8th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.33 by C($0.01). The company had revenue of C$305.68 million during the quarter. Lundin Gold had a return on equity of 18.30% and a net margin of 19.47%. As a group, sell-side analysts forecast that Lundin Gold will post 1.6959518 EPS for the current year.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 25th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, June 10th. Lundin Gold’s dividend payout ratio is currently 57.29%.

Insider Buying and Selling

In other Lundin Gold news, Director Ian Gibbs sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$19.90, for a total transaction of C$597,000.00. In other news, Director Ian Gibbs sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$19.90, for a total value of C$597,000.00. Also, Senior Officer Chester See sold 30,100 shares of Lundin Gold stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$20.27, for a total transaction of C$610,253.42. Insiders have sold a total of 110,100 shares of company stock worth $2,219,753 in the last ninety days. 58.99% of the stock is owned by insiders.

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.