Brokerages Set Lundin Gold Inc. (TSE:LUG) PT at C$22.25

Shares of Lundin Gold Inc. (TSE:LUG) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$22.25.

Several research firms have recently weighed in 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 raised their target price on shares of Lundin Gold from C$24.50 to C$24.75 in a research report on Friday, April 19th. Scotiabank increased their price objective 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. Jefferies Financial Group lifted their target price on Lundin Gold from C$19.00 to C$23.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Cormark raised their price target on Lundin Gold from C$22.00 to C$23.00 in a research note on Friday, April 19th.

Insider Activity at Lundin Gold

In related news, Director Ronald F. Hochstein sold 100,000 shares of the company’s 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. 59.03% of the stock is currently owned by corporate insiders.

Lundin Gold Stock Performance

Shares of TSE:LUG opened at C$18.44 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 31.98. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$20.36. The company has a market capitalization of C$4.40 billion, a price-to-earnings ratio of 18.08 and a beta of 1.14. The firm’s 50-day moving average is C$18.23 and its 200 day moving average is C$16.82.

Lundin Gold (TSE:LUG) last released its earnings results on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates 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. Research analysts predict that Lundin Gold will post 1.5100888 EPS for the current year.

Lundin Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were given a $0.269 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Thursday, March 7th. Lundin Gold’s payout ratio is currently 52.94%.

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.