Lundin Gold (TSE:LUG) Price Target Increased to C$38.00 by Analysts at TD Securities

Lundin Gold (TSE:LUG) had its price objective boosted by TD Securities from C$27.00 to C$38.00 in a research report report published on Friday morning, BayStreet.CA reports.

LUG has been the subject of a number of other reports. CIBC lifted their target price on Lundin Gold from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Cormark raised their price target on Lundin Gold from C$27.00 to C$32.00 and gave the company a “hold” rating in a research note on Thursday, October 10th. Jefferies Financial Group upped their price objective on shares of Lundin Gold from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. National Bank Financial raised shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 7th. Finally, Canaccord Genuity Group boosted their price target on shares of Lundin Gold from C$27.50 to C$28.50 in a report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$29.42.

Lundin Gold Trading Up 0.7 %

LUG stock opened at C$34.97 on Friday. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$35.89. The firm’s 50-day moving average is C$28.89 and its 200 day moving average is C$23.44. The company has a market capitalization of C$8.39 billion, a PE ratio of 27.11 and a beta of 1.23. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41.

Lundin Gold (TSE:LUG) last issued its earnings results on Thursday, August 8th. The company reported C$0.55 EPS for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.07). Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The company had revenue of C$412.43 million during the quarter. On average, research analysts anticipate that Lundin Gold will post 2.5603448 EPS for the current year.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were given a $0.551 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.30%. This is an increase from Lundin Gold’s previous quarterly dividend of $0.10. Lundin Gold’s payout ratio is presently 82.95%.

Insider Activity at Lundin Gold

In other Lundin Gold news, Senior Officer Chester See sold 14,900 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total value of C$448,490.00. In related news, Senior Officer Chester See sold 14,900 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total transaction of C$448,490.00. Also, Senior Officer Terrence Smith sold 25,740 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$29.52, for a total value of C$759,826.78. Insiders sold 72,840 shares of company stock valued at $2,146,122 over the last 90 days. Insiders own 58.72% 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.