Lundin Gold (TSE:LUG) Price Target Increased to C$21.00 by Analysts at Raymond James

Lundin Gold (TSE:LUG) had its target price hoisted by Raymond James from C$17.50 to C$21.00 in a report issued on Tuesday morning, BayStreet.CA reports.

Several other research analysts have also issued reports on LUG. Veritas Investment Research raised their price target on Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. National Bankshares raised their price target on Lundin Gold from C$24.50 to C$24.75 in a research report on Friday, April 19th. Jefferies Financial Group raised their price target on Lundin Gold from C$19.00 to C$23.00 and gave the stock a buy rating in a research report on Monday. Scotiabank raised their price target on Lundin Gold from C$20.00 to C$21.00 and gave the stock a sector perform rating in a research report on Thursday, March 28th. Finally, Cormark raised their price target on Lundin Gold from C$22.00 to C$23.00 in a research report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$22.25.

Lundin Gold Trading Up 0.5 %

LUG stock opened at C$19.00 on Tuesday. The business has a fifty day moving average price of C$17.61 and a 200 day moving average price of C$16.63. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$20.36. The stock has a market capitalization of C$4.52 billion, a price-to-earnings ratio of 18.57 and a beta of 1.10. The company has a debt-to-equity ratio of 31.98, a current ratio of 2.86 and a quick ratio of 1.41.

Lundin Gold (TSE:LUG) last released its earnings results on Thursday, February 22nd. The company reported C$0.19 EPS 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 expect that Lundin Gold will post 1.3629738 EPS for the current fiscal year.

Lundin Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued 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 5.66%. Lundin Gold’s dividend payout ratio is presently 52.94%.

Insiders Place Their Bets

In other news, Director Ronald F. Hochstein sold 100,000 shares of the business’s stock in a transaction dated 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 59.46% 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.