Lundin Gold (TSE:LUG) Price Target Increased to C$27.00 by Analysts at TD Securities

Lundin Gold (TSE:LUG) had its price objective increased by TD Securities from C$24.00 to C$27.00 in a research report report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

LUG has been the subject of several other research reports. National Bank Financial upgraded Lundin Gold from a hold rating to a strong-buy rating in a report on Sunday, July 7th. Desjardins upgraded Lundin Gold to a moderate buy rating in a research note on Friday, May 10th. Jefferies Financial Group boosted their price target on Lundin Gold from C$24.00 to C$26.00 in a research note on Friday, July 12th. Cormark increased their price objective on shares of Lundin Gold from C$23.00 to C$25.00 in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group lifted their target price on shares of Lundin Gold from C$25.00 to C$27.50 in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lundin Gold has an average rating of Moderate Buy and a consensus target price of C$24.65.

Lundin Gold Trading Up 1.0 %

Shares of TSE LUG opened at C$23.97 on Tuesday. The business’s 50 day moving average price is C$21.06 and its 200-day moving average price is C$18.79. The company has a market cap of C$5.73 billion, a price-to-earnings ratio of 24.77 and a beta of 1.14. The company has a debt-to-equity ratio of 33.65, a quick ratio of 1.41 and a current ratio of 3.08. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$24.66.

Lundin Gold (TSE:LUG) last posted its earnings results on Wednesday, May 8th. The company reported C$0.32 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.01). Lundin Gold had a return on equity of 18.30% and a net margin of 19.47%. The company had revenue of C$305.68 million for the quarter. On average, sell-side analysts expect that Lundin Gold will post 1.6959518 earnings per share for the current year.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 25th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.40 annualized dividend and a yield of 1.67%. Lundin Gold’s dividend payout ratio (DPR) is presently 57.29%.

Insider Buying and Selling at Lundin Gold

In other news, Director Ian Gibbs sold 30,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of C$19.90, for a total value of C$597,000.00. In related news, Senior Officer Chester See sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$20.25, for a total transaction of C$1,012,500.00. Also, Director Ian Gibbs sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$19.90, for a total value of C$597,000.00. In the last ninety days, insiders sold 110,100 shares of company stock worth $2,219,753. Company insiders own 58.99% 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.