Lundin Gold Inc. (TSE:LUG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Lundin Gold Inc. (TSE:LUG) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$32.55.

A number of research firms recently issued reports on LUG. Canaccord Genuity Group downgraded shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Scotiabank reduced their target price on shares of Lundin Gold from C$31.50 to C$30.00 in a research report on Tuesday, December 10th. BMO Capital Markets cut shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. TD Securities increased their price objective on Lundin Gold from C$27.00 to C$38.00 in a report on Friday, October 18th. Finally, Raymond James downgraded Lundin Gold from an “outperform” rating to a “market perform” rating and raised their target price for the stock from C$25.00 to C$29.00 in a research report on Monday, September 23rd.

Lundin Gold Trading Down 1.7 %

Shares of LUG stock opened at C$30.97 on Friday. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The company has a market capitalization of C$7.43 billion, a price-to-earnings ratio of 24.01 and a beta of 1.23. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$35.89. The company has a 50-day simple moving average of C$32.83 and a two-hundred day simple moving average of C$27.31.

Lundin Gold (TSE:LUG) last released its earnings results on Thursday, November 7th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.60 by C$0.16. The company had revenue of C$440.77 million during the quarter. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. Research analysts anticipate that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

Lundin Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. Lundin Gold’s dividend payout ratio is currently 82.95%.

Insider Activity

In other Lundin Gold news, Senior Officer Terrence Smith sold 25,740 shares of Lundin Gold stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$29.52, for a total transaction of C$759,826.78. Also, Senior Officer Chester See sold 14,900 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. Corporate insiders own 58.72% of the company’s stock.

Lundin Gold Company Profile

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.