Lundin Gold (TSE:LUG) Price Target Raised to C$115.00 at BMO Capital Markets

Lundin Gold (TSE:LUG) had its price objective upped by BMO Capital Markets from C$108.00 to C$115.00 in a report released on Tuesday morning,BayStreet.CA reports.

Several other research firms have also recently commented on LUG. JPMorgan Chase & Co. lifted their target price on shares of Lundin Gold from C$16.00 to C$28.00 in a research note on Friday, October 10th. Raymond James Financial raised their price objective on Lundin Gold from C$65.00 to C$80.00 in a report on Friday, October 10th. Jefferies Financial Group upped their target price on Lundin Gold from C$96.00 to C$111.00 in a research note on Monday. Canaccord Genuity Group increased their target price on Lundin Gold from C$103.00 to C$108.00 in a research report on Wednesday, November 12th. Finally, CIBC raised their price target on Lundin Gold from C$116.00 to C$123.00 in a research note on Thursday, November 13th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lundin Gold has an average rating of “Reduce” and a consensus target price of C$78.04.

Lundin Gold Trading Down 1.9%

Shares of LUG stock opened at C$107.57 on Tuesday. The company has a market capitalization of C$25.97 billion, a price-to-earnings ratio of 38.01 and a beta of 1.19. The firm has a 50-day moving average price of C$103.84 and a 200 day moving average price of C$85.57. Lundin Gold has a twelve month low of C$30.04 and a twelve month high of C$119.76.

Lundin Gold (TSE:LUG) last released its quarterly earnings results on Friday, November 7th. The company reported C$0.86 earnings per share (EPS) for the quarter. The company had revenue of C$622.58 million for the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. As a group, research analysts predict that Lundin Gold will post 2.5603448 earnings per share for the current year.

Lundin Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Monday, December 22nd will be issued a dividend of $0.7058 per share. This represents a $2.82 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, December 5th. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.68. Lundin Gold’s dividend payout ratio (DPR) is presently 61.48%.

Lundin Gold Company Profile

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.