Lundin Gold Inc. (TSE:LUG) Receives C$93.75 Consensus Target Price from Brokerages

Shares of Lundin Gold Inc. (TSE:LUG) have received an average rating of “Reduce” from the six research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$93.75.

LUG has been the subject of several recent research reports. Jefferies Financial Group boosted their target price on shares of Lundin Gold from C$96.00 to C$111.00 in a research report on Monday, December 8th. Canadian Imperial Bank of Commerce lifted their price target on Lundin Gold from C$123.00 to C$141.00 in a research note on Wednesday, February 4th. TD Securities boosted their price objective on Lundin Gold from C$95.00 to C$114.00 in a report on Thursday, January 22nd. Scotiabank increased their price objective on Lundin Gold from C$70.00 to C$90.00 in a research note on Monday, January 26th. Finally, Cormark raised their target price on Lundin Gold from C$100.00 to C$115.00 in a report on Wednesday, January 14th.

Lundin Gold Stock Up 8.1%

TSE LUG opened at C$109.59 on Thursday. Lundin Gold has a 52 week low of C$37.03 and a 52 week high of C$125.75. The business has a 50 day moving average price of C$113.82 and a 200-day moving average price of C$100.57. The company has a market cap of C$26.49 billion, a price-to-earnings ratio of 38.72 and a beta of 1.02.

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

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 22nd were issued a dividend of $0.7058 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.82 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.68. Lundin Gold’s payout ratio 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.