Lundin Gold (TSE:LUG) Given New C$21.00 Price Target at Cormark

Lundin Gold (TSE:LUG) had its price target hoisted by Cormark from C$20.00 to C$21.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

Other analysts have also issued research reports about the company. Jefferies Financial Group set a C$19.00 price objective on Lundin Gold and gave the company a buy rating in a research note on Thursday, February 29th. National Bankshares increased their target price on Lundin Gold from C$19.00 to C$20.00 and gave the company a sector perform rating in a research note on Wednesday, February 28th. Raymond James set a C$17.50 target price on Lundin Gold and gave the company an outperform rating in a research note on Thursday, January 25th. Desjardins raised their price objective on Lundin Gold from C$19.75 to C$20.00 and gave the company a buy rating in a research note on Wednesday, December 13th. Finally, BMO Capital Markets lifted their target price on Lundin Gold from C$20.00 to C$22.00 in a research report on Wednesday, December 13th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$20.15.

Lundin Gold Stock Up 0.8 %

Lundin Gold stock opened at C$19.04 on Thursday. The company has a debt-to-equity ratio of 31.98, a quick ratio of 1.41 and a current ratio of 2.86. The firm has a market capitalization of C$4.53 billion, a price-to-earnings ratio of 18.67 and a beta of 1.10. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$19.42. The stock’s fifty day moving average is C$16.46 and its two-hundred day moving average is C$16.18.

Lundin Gold (TSE:LUG) last posted its earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share 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 net margin of 19.88% and a return on equity of 19.85%. Analysts predict that Lundin Gold will post 1.4275862 EPS for the current fiscal year.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a dividend of $0.269 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.08 annualized dividend and a yield of 5.65%. Lundin Gold’s dividend payout ratio is 52.94%.

Insider Activity at Lundin Gold

In other news, Director Ronald F. Hochstein sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$16.73, for a total value of C$1,673,330.00. Corporate insiders own 59.44% 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.