Lundin Gold (TSE:LUG) Price Target Cut to C$119.00 by Analysts at BMO Capital Markets

Lundin Gold (TSE:LUG) had its price target lowered by BMO Capital Markets from C$128.00 to C$119.00 in a research note issued to investors on Monday,BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group increased their price target on Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. Cormark increased their price objective on shares of Lundin Gold from C$100.00 to C$115.00 in a research report on Wednesday, January 14th. TD Securities boosted their target price on shares of Lundin Gold from C$95.00 to C$114.00 in a research report on Thursday, January 22nd. Canaccord Genuity Group raised their price target on shares of Lundin Gold from C$103.00 to C$108.00 in a report on Wednesday, November 12th. Finally, Scotiabank lifted their price objective on shares of Lundin Gold from C$70.00 to C$90.00 in a research note on Monday, January 26th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of C$93.25.

Lundin Gold Trading Up 7.2%

TSE LUG opened at C$116.00 on Monday. The firm’s fifty day simple moving average is C$113.73 and its two-hundred day simple moving average is C$102.57. The firm has a market capitalization of C$28.04 billion, a P/E ratio of 40.99 and a beta of 1.02. Lundin Gold has a 12-month low of C$37.86 and a 12-month high of C$125.75.

Lundin Gold (TSE:LUG) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$1.33 EPS for the quarter. Lundin Gold had a return on equity of 29.88% and a net margin of 29.56%.The firm had revenue of C$697.82 million during the quarter. As a group, sell-side analysts predict that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Lundin Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 22nd were issued a dividend of $0.7058 per share. This represents a $2.82 annualized dividend and a dividend yield of 2.4%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, December 5th. Lundin Gold’s dividend payout ratio is 61.48%.

Lundin Gold Company Profile

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.