Lundin Gold (TSE:LUG) Price Target Cut to C$100.00 by Analysts at Desjardins

Lundin Gold (TSE:LUG) had its price target cut by Desjardins from C$105.00 to C$100.00 in a research report report published on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

LUG has been the subject of several other research reports. Jefferies Financial Group cut their target price on Lundin Gold from C$90.00 to C$88.00 in a research note on Monday, July 6th. ATB Cormark Capital Markets raised Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 price target on the stock in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$102.17.

Lundin Gold Price Performance

Lundin Gold stock opened at C$81.27 on Monday. The firm has a 50 day simple moving average of C$80.71 and a 200-day simple moving average of C$98.84. Lundin Gold has a 1-year low of C$62.55 and a 1-year high of C$130.98. The stock has a market cap of C$19.65 billion, a price-to-earnings ratio of 21.56 and a beta of 1.64.

Lundin Gold (TSE:LUG) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$1.57 earnings per share (EPS) for the quarter. The business had revenue of C$788.83 million during the quarter. Lundin Gold had a net margin of 45.73% and a return on equity of 68.29%. Equities analysts expect that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Lundin Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were given a dividend of $0.91 per share. The ex-dividend date was Wednesday, June 10th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.5%. Lundin Gold’s dividend payout ratio (DPR) is currently 84.62%.

About Lundin Gold

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.