Lundin Gold (TSE:LUG) Price Target Raised to C$25.00

Lundin Gold (TSE:LUG) had its price target boosted by CIBC from C$22.00 to C$25.00 in a research report released on Wednesday, BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group boosted their price target on Lundin Gold from C$23.00 to C$24.00 in a report on Thursday, June 6th. National Bankshares raised Lundin Gold from a sector perform rating to an outperform rating and boosted their price target for the company from C$25.25 to C$27.75 in a research report on Monday, July 8th. Cormark upped their target price on Lundin Gold from C$22.00 to C$23.00 in a research report on Friday, April 19th. Desjardins raised Lundin Gold to a moderate buy rating in a research report on Friday, May 10th. Finally, Raymond James increased their price target on Lundin Gold from C$17.50 to C$21.00 in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$23.68.

Lundin Gold Stock Up 1.2 %

LUG opened at C$23.46 on Wednesday. The company has a debt-to-equity ratio of 33.65, a current ratio of 3.08 and a quick ratio of 1.41. The business has a 50 day simple moving average of C$20.12 and a 200-day simple moving average of C$18.10. The stock has a market capitalization of C$5.60 billion, a P/E ratio of 24.44 and a beta of 1.14. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$23.61.

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

Lundin Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 25th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Monday, June 10th. Lundin Gold’s payout ratio is 57.29%.

Insider Transactions at Lundin Gold

In related news, Senior Officer Chester See sold 50,000 shares of the firm’s stock in a transaction that occurred 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. In related news, Senior Officer Chester See sold 50,000 shares of the firm’s stock in a transaction that occurred 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. Also, Director Ian Gibbs sold 30,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of C$19.90, for a total value of C$597,000.00. In the last ninety days, insiders have sold 110,100 shares of company stock worth $2,219,753. 58.99% of the stock is currently owned by company 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.