Lundin Gold (TSE:LUG) Given New C$113.00 Price Target at Royal Bank Of Canada

Lundin Gold (TSE:LUG) had its price target lifted by Royal Bank Of Canada from C$91.00 to C$113.00 in a research report released on Thursday,BayStreet.CA reports.

LUG has been the subject of a number of other research reports. Canaccord Genuity Group upped their price target on Lundin Gold from C$103.00 to C$108.00 in a research report on Wednesday, November 12th. Scotiabank boosted their price objective on shares of Lundin Gold from C$70.00 to C$90.00 in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce increased their target price on shares of Lundin Gold from C$123.00 to C$141.00 in a report on Wednesday, February 4th. Cormark increased their target price on shares of Lundin Gold from C$100.00 to C$115.00 in a report on Wednesday, January 14th. Finally, Jefferies Financial Group lifted their price target on shares of Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of C$98.17.

Lundin Gold Trading Down 2.9%

LUG opened at C$110.41 on Thursday. The stock has a market capitalization of C$26.69 billion, a P/E ratio of 33.76 and a beta of 1.30. Lundin Gold has a 12 month low of C$40.71 and a 12 month high of C$130.98. The firm’s fifty day simple moving average is C$114.39 and its 200 day simple moving average is C$105.84.

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. Lundin Gold had a return on equity of 60.01% and a net margin of 44.42%.The firm had revenue of C$697.82 million during the quarter. On average, equities research analysts predict that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

Lundin Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th will be paid a dividend of $1.1642 per share. The ex-dividend date is Wednesday, March 11th. This represents a $4.66 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from Lundin Gold’s previous quarterly dividend of $0.71. Lundin Gold’s dividend payout ratio (DPR) is currently 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.