Lundin Gold (TSE:LUG) Given New C$24.00 Price Target at Jefferies Financial Group

Lundin Gold (TSE:LUGFree Report) had its target price increased by Jefferies Financial Group from C$23.00 to C$24.00 in a research note published on Thursday, BayStreet.CA reports.

A number of other analysts have also recently commented on LUG. National Bankshares lifted their price objective on Lundin Gold from C$24.75 to C$25.25 in a research report on Wednesday, May 15th. Cormark lifted their price target on shares of Lundin Gold from C$22.00 to C$23.00 in a report on Friday, April 19th. Raymond James upped their price objective on shares of Lundin Gold from C$17.50 to C$21.00 in a research note on Tuesday, April 23rd. Canaccord Genuity Group lifted their target price on shares of Lundin Gold from C$22.75 to C$23.25 in a research note on Tuesday, April 23rd. Finally, Desjardins raised Lundin Gold to a moderate buy rating in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$22.58.

Get Our Latest Analysis on LUG

Lundin Gold Stock Up 3.0 %

Shares of TSE LUG opened at C$20.45 on Thursday. The firm’s 50-day moving average is C$19.43 and its two-hundred day moving average is C$17.36. The company has a market capitalization of C$4.89 billion, a PE ratio of 21.30 and a beta of 1.14. Lundin Gold has a 12-month low of C$14.23 and a 12-month high of C$20.82. The company has a debt-to-equity ratio of 33.65, a current ratio of 3.08 and a quick ratio of 1.41.

Lundin Gold (TSE:LUGGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported C$0.32 EPS for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.01). The company had revenue of C$305.68 million for the quarter. Lundin Gold had a net margin of 19.47% and a return on equity of 18.30%. Equities analysts anticipate that Lundin Gold will post 1.6959518 EPS for the current fiscal year.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 25th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Monday, June 10th. Lundin Gold’s dividend payout ratio (DPR) is presently 57.29%.

Insiders Place Their Bets

In other news, Senior Officer Chester See sold 50,000 shares of the business’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. In other news, Senior Officer Chester See sold 50,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$20.25, for a total value of C$1,012,500.00. Also, Director Ian Gibbs sold 30,000 shares of Lundin Gold stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of C$19.90, for a total transaction of C$597,000.00. 58.99% of the stock is currently owned by insiders.

Lundin Gold Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Lundin Gold (TSE:LUG)

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