Veritas Investment Research Boosts Lundin Gold (TSE:LUG) Price Target to C$28.00

Lundin Gold (TSE:LUGFree Report) had its target price boosted by Veritas Investment Research from C$20.90 to C$28.00 in a report published on Friday morning, BayStreet.CA reports.

Several other research analysts have also weighed in on LUG. Raymond James set a C$17.50 price target on Lundin Gold and gave the stock an outperform rating in a research report on Thursday, January 25th. National Bankshares lifted their target price on Lundin Gold from C$19.00 to C$20.00 and gave the stock a sector perform rating in a research note on Wednesday, February 28th. Jefferies Financial Group set a C$19.00 target price on Lundin Gold and gave the stock a buy rating in a research note on Thursday, February 29th. Scotiabank lifted 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 note on Thursday, March 28th. Finally, Cormark upgraded Lundin Gold from a market perform rating to a buy rating and lifted their target price for the stock from C$21.00 to C$22.00 in a research note on Friday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Lundin Gold presently has a consensus rating of Moderate Buy and an average target price of C$20.95.

Read Our Latest Stock Report on Lundin Gold

Lundin Gold Stock Down 1.8 %

TSE:LUG opened at C$18.44 on Friday. The firm has a market capitalization of C$4.39 billion, a price-to-earnings ratio of 18.08 and a beta of 1.10. Lundin Gold has a twelve month low of C$14.23 and a twelve month high of C$19.57. The stock’s 50 day moving average price is C$17.18 and its two-hundred day moving average price is C$16.45. The company has a quick ratio of 1.41, a current ratio of 2.86 and a debt-to-equity ratio of 31.98.

Lundin Gold (TSE:LUGGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The company had revenue of C$259.63 million for the quarter. Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. Equities research analysts expect that Lundin Gold will post 1.3629738 earnings per share for the current fiscal year.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a $0.269 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.08 annualized dividend and a yield of 5.84%. Lundin Gold’s dividend payout ratio (DPR) is presently 52.94%.

Insider Activity at Lundin Gold

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

About Lundin Gold

(Get Free Report)

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.

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