Lundin Gold (TSE:LUG) Price Target Increased to C$23.00 by Analysts at Jefferies Financial Group

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

Several other research analysts have also weighed in on LUG. Raymond James set a C$17.50 target price on Lundin Gold and gave the stock an outperform rating in a research report on Thursday, January 25th. Cormark increased their target price on Lundin Gold from C$22.00 to C$23.00 in a research report on Friday, April 19th. Scotiabank increased their target price on Lundin Gold from C$20.00 to C$21.00 and gave the stock a sector perform rating in a research report on Thursday, March 28th. Veritas Investment Research increased their target price on Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. Finally, National Bankshares increased their target price on Lundin Gold from C$24.50 to C$24.75 in a research report on Friday, April 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$22.25.

Lundin Gold Price Performance

LUG stock opened at C$18.87 on Monday. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$20.36. The stock’s fifty day simple moving average is C$17.70 and its 200-day simple moving average is C$16.66. The company has a quick ratio of 1.41, a current ratio of 2.86 and a debt-to-equity ratio of 31.98. The stock has a market capitalization of C$4.49 billion, a price-to-earnings ratio of 18.57 and a beta of 1.10.

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 the consensus estimate of C$0.21 by C($0.02). Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. The business had revenue of C$259.63 million for the quarter. Equities research analysts expect that Lundin Gold will post 1.3629738 EPS for the current year.

Lundin Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were given 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 payout ratio is 52.94%.

Insider Transactions at Lundin Gold

In other news, Director Ronald F. Hochstein sold 100,000 shares of Lundin Gold stock in a transaction dated 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. Corporate insiders own 59.46% of the company’s stock.

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.