Lundin Gold (TSE:LUG) Price Target Increased to C$21.00 by Analysts at Raymond James

Lundin Gold (TSE:LUG) had its target price increased by Raymond James from C$17.50 to C$21.00 in a report released on Tuesday, BayStreet.CA reports.

Several other brokerages have also commented on LUG. Veritas Investment Research lifted their target price on Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. National Bankshares lifted their target price on Lundin Gold from C$24.50 to C$24.75 in a research report on Friday, April 19th. Cormark lifted their target price on Lundin Gold from C$22.00 to C$23.00 in a research report on Friday, April 19th. Jefferies Financial Group boosted their price objective on Lundin Gold from C$19.00 to C$23.00 and gave the company a buy rating in a research report on Monday. Finally, 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 research report on Thursday, March 28th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of C$22.25.

Lundin Gold Price Performance

Shares of TSE LUG opened at C$19.00 on Tuesday. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$20.36. The business has a 50 day moving average price of C$17.61 and a two-hundred day moving average price of C$16.63. 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 has a market cap of C$4.52 billion, a PE ratio of 18.57 and a beta of 1.10.

Lundin Gold (TSE:LUG) last issued its earnings results 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). The firm had revenue of C$259.63 million during the quarter. Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. Sell-side analysts expect that Lundin Gold will post 1.3629738 earnings per share for the current fiscal year.

Lundin Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a dividend of $0.269 per share. This represents a $1.08 annualized dividend and a yield of 5.66%. The ex-dividend date was Thursday, March 7th. Lundin Gold’s payout ratio is currently 52.94%.

Insider Buying and Selling at Lundin Gold

In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of Lundin Gold 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 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.