Lundin Gold (TSE:LUG) Stock Rating Upgraded by National Bankshares

National Bankshares upgraded shares of Lundin Gold (TSE:LUG) from a sector perform rating to an outperform rating in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has C$27.75 price target on the stock, up from their prior price target of C$25.25.

Other research analysts have also issued reports about the stock. Raymond James increased their price objective on shares of Lundin Gold from C$17.50 to C$21.00 in a report on Tuesday, April 23rd. Canaccord Genuity Group increased their target price on shares of Lundin Gold from C$22.75 to C$23.25 in a research report on Tuesday, April 23rd. Scotiabank increased their target price on shares of Lundin Gold from C$21.00 to C$23.50 in a research report on Thursday, May 23rd. Veritas Investment Research increased their target price on shares of Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. Finally, Jefferies Financial Group increased their target price on shares of Lundin Gold from C$23.00 to C$24.00 in a research report on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lundin Gold currently has an average rating of Moderate Buy and an average target price of C$23.50.

Lundin Gold Price Performance

TSE:LUG opened at C$22.55 on Monday. The firm has a market cap of C$5.39 billion, a price-to-earnings ratio of 23.49 and a beta of 1.14. The company has a current ratio of 3.08, a quick ratio of 1.41 and a debt-to-equity ratio of 33.65. The company’s 50-day moving average is C$19.92 and its two-hundred day moving average is C$18.02. Lundin Gold has a 12-month low of C$14.23 and a 12-month high of C$22.66.

Lundin Gold (TSE:LUG) last released its earnings results on Wednesday, May 8th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.01). The firm had revenue of C$305.68 million during the quarter. Lundin Gold had a net margin of 19.47% and a return on equity of 18.30%. Research analysts expect that Lundin Gold will post 1.6959518 EPS for the current year.

Lundin Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 25th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Monday, June 10th. Lundin Gold’s dividend payout ratio (DPR) is 57.29%.

Insider Buying and Selling at Lundin Gold

In other news, Director Ian Gibbs sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$19.90, for a total transaction of C$597,000.00. In related news, Director Ian Gibbs sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$19.90, for a total transaction of C$597,000.00. Also, Senior Officer Chester See sold 50,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$20.25, for a total value of C$1,012,500.00. Insiders sold 110,100 shares of company stock valued at $2,219,753 over the last 90 days. 58.99% of the stock is owned by corporate insiders.

About Lundin Gold

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.