Shares of Lundin Gold Inc. (TSE:LUG – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$27.92.
LUG has been the subject of a number of recent analyst reports. Raymond James lowered shares of Lundin Gold from an “outperform” rating to a “market perform” rating and upped their price target for the company from C$25.00 to C$29.00 in a report on Monday, September 23rd. Jefferies Financial Group upped their price target on shares of Lundin Gold from C$29.00 to C$35.00 in a report on Friday. Scotiabank upped their price target on shares of Lundin Gold from C$23.50 to C$25.50 in a report on Monday, August 19th. National Bank Financial upgraded shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 7th. Finally, Royal Bank of Canada upped their price objective on shares of Lundin Gold from C$25.00 to C$27.00 in a report on Tuesday, September 10th.
Get Our Latest Analysis on Lundin Gold
Insider Activity at Lundin Gold
Lundin Gold Price Performance
Shares of Lundin Gold stock opened at C$31.17 on Monday. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$31.72. The stock has a market capitalization of C$7.48 billion, a price-to-earnings ratio of 24.54 and a beta of 1.23. The company has a fifty day moving average of C$26.93 and a 200-day moving average of C$22.40. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98.
Lundin Gold (TSE:LUG – Get Free Report) last posted its quarterly 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 net margin of 24.30% and a return on equity of 22.88%. The firm had revenue of C$412.43 million for the quarter. Equities research analysts expect that Lundin Gold will post 2.5618964 EPS for the current year.
Lundin Gold Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were given a dividend of $0.551 per share. This is a boost from Lundin Gold’s previous quarterly dividend of $0.10. This represents a $2.20 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date was Tuesday, September 10th. Lundin Gold’s dividend payout ratio (DPR) is 84.25%.
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.
Featured Stories
- Five stocks we like better than Lundin Gold
- What Investors Need to Know to Beat the Market
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- Want to Profit on the Downtrend? Downtrends, Explained.
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- Why Are Stock Sectors Important to Successful Investing?
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Receive News & Ratings for Lundin Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Gold and related companies with MarketBeat.com's FREE daily email newsletter.