Analysts Set Lundin Gold Inc. (TSE:LUG) PT at C$93.25

Lundin Gold Inc. (TSE:LUG) has been given a consensus recommendation of “Reduce” by the six research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$93.25.

Several analysts have recently issued reports on LUG shares. Scotiabank boosted their price objective on shares of Lundin Gold from C$70.00 to C$90.00 in a research note on Monday, January 26th. BMO Capital Markets cut their target price on Lundin Gold from C$128.00 to C$119.00 in a research report on Monday, February 23rd. TD Securities lifted their target price on Lundin Gold from C$95.00 to C$114.00 in a report on Thursday, January 22nd. Jefferies Financial Group boosted their price target on Lundin Gold from C$96.00 to C$111.00 in a research report on Monday, December 8th. Finally, Canaccord Genuity Group upped their price target on Lundin Gold from C$103.00 to C$108.00 in a research note on Wednesday, November 12th.

Lundin Gold Price Performance

Shares of LUG stock opened at C$113.70 on Monday. The firm’s 50-day simple moving average is C$114.46 and its 200-day simple moving average is C$105.80. Lundin Gold has a 1-year low of C$40.71 and a 1-year high of C$130.98. The firm has a market cap of C$27.48 billion, a P/E ratio of 34.77 and a beta of 1.30.

Lundin Gold (TSE:LUG) last released its earnings results on Friday, February 20th. The company reported C$1.33 earnings per share (EPS) for the quarter. The firm had revenue of C$697.82 million during the quarter. Lundin Gold had a net margin of 44.42% and a return on equity of 60.01%. Analysts expect that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Lundin Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th will be issued a dividend of $1.1642 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, March 11th. This is an increase from Lundin Gold’s previous quarterly dividend of $0.71. Lundin Gold’s dividend payout ratio (DPR) is presently 71.56%.

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.