Lundin Gold (TSE:LUG) Price Target Raised to C$23.25 at Canaccord Genuity Group

Lundin Gold (TSE:LUG) had its price objective boosted by Canaccord Genuity Group from C$22.75 to C$23.25 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the stock. Veritas Investment Research upped their target price on shares of Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Cormark upped their price objective on shares of Lundin Gold from C$22.00 to C$23.00 in a report on Friday, April 19th. National Bankshares upped their target price on shares of Lundin Gold from C$24.50 to C$24.75 in a research report on Friday, April 19th. Raymond James increased their price target on shares of Lundin Gold from C$17.50 to C$21.00 in a research report on Tuesday. Finally, Jefferies Financial Group increased their price target on shares of Lundin Gold from C$19.00 to C$23.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$22.25.

Lundin Gold Stock Up 0.2 %

Shares of Lundin Gold stock opened at C$19.39 on Tuesday. The company has a market cap of C$4.62 billion, a P/E ratio of 19.01 and a beta of 1.10. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$20.36. 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 firm’s 50 day moving average price is C$17.86 and its 200-day moving average price is C$16.69.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing the consensus estimate 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. On average, sell-side analysts predict that Lundin Gold will post 1.3629738 EPS for the current fiscal year.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a $0.269 dividend. This represents a $1.08 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Thursday, March 7th. Lundin Gold’s dividend payout ratio (DPR) is 52.94%.

Insider Transactions at Lundin Gold

In related news, Director Ronald F. Hochstein sold 100,000 shares of the business’s stock in a transaction that occurred 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. Company 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.