Lundin Gold (TSE:LUG) Given New C$114.00 Price Target at TD Securities

Lundin Gold (TSE:LUG) had its target price raised by TD Securities from C$95.00 to C$114.00 in a report issued on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on LUG. Cormark raised their price objective on Lundin Gold from C$100.00 to C$115.00 in a report on Wednesday, January 14th. CIBC increased their price target on shares of Lundin Gold from C$116.00 to C$123.00 in a research report on Thursday, November 13th. Raymond James Financial lifted their price target on shares of Lundin Gold from C$65.00 to C$80.00 in a research note on Friday, October 10th. JPMorgan Chase & Co. upped their price objective on shares of Lundin Gold from C$16.00 to C$28.00 in a research note on Friday, October 10th. Finally, Jefferies Financial Group increased their target price on shares of Lundin Gold from C$96.00 to C$111.00 in a report on Monday, December 8th. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of C$92.45.

Lundin Gold Stock Performance

TSE LUG opened at C$119.17 on Thursday. Lundin Gold has a 52-week low of C$34.07 and a 52-week high of C$124.13. The company has a fifty day moving average of C$114.63 and a 200-day moving average of C$95.53. The company has a market capitalization of C$28.77 billion, a P/E ratio of 42.11 and a beta of 1.21.

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

Lundin Gold Increases Dividend

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

About Lundin Gold

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.