Lundin Gold (TSE:LUG) Reaches New 12-Month High at $19.52

Lundin Gold Inc. (TSE:LUGGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$19.52 and last traded at C$19.30, with a volume of 22487 shares traded. The stock had previously closed at C$19.04.

Analyst Ratings Changes

Several research firms have issued reports on LUG. Desjardins raised their price target on shares of Lundin Gold from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. BMO Capital Markets raised their price target on shares of Lundin Gold from C$20.00 to C$22.00 in a research report on Wednesday, December 13th. Scotiabank raised their price target on shares of Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 28th. Raymond James set a C$17.50 price objective on shares of Lundin Gold and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Jefferies Financial Group set a C$19.00 price objective on shares of Lundin Gold and gave the stock a “buy” rating in a report on Thursday, February 29th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$20.15.

Check Out Our Latest Stock Report on Lundin Gold

Lundin Gold Stock Down 2.0 %

The stock has a market capitalization of C$4.54 billion, a P/E ratio of 18.70 and a beta of 1.10. The firm’s fifty day moving average is C$16.73 and its 200-day moving average is C$16.28. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 31.98.

Lundin Gold (TSE:LUGGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. The firm had revenue of C$259.63 million for the quarter. As a group, equities research analysts predict that Lundin Gold Inc. will post 1.4591148 earnings per share for the current year.

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a $0.269 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date was Thursday, March 7th. Lundin Gold’s dividend payout ratio is presently 52.94%.

Insiders Place Their Bets

In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$16.73, for a total value of C$1,673,330.00. Insiders own 59.46% of the company’s stock.

About Lundin Gold

(Get Free Report)

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.

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