Lundin Gold (TSE:LUG) PT Raised to C$38.00 at TD Securities

Lundin Gold (TSE:LUG) had its target price increased by TD Securities from C$27.00 to C$38.00 in a research report released on Friday morning, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on LUG. Raymond James lowered shares of Lundin Gold from an “outperform” rating to a “market perform” rating and increased their price objective for the company from C$25.00 to C$29.00 in a report on Monday, September 23rd. Canaccord Genuity Group raised their target price on shares of Lundin Gold from C$27.50 to C$28.50 in a research note on Tuesday, August 20th. National Bank Financial upgraded shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 7th. National Bankshares raised their price objective on Lundin Gold from C$30.75 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada lifted their target price on Lundin Gold from C$25.00 to C$27.00 in a report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$29.42.

Lundin Gold Trading Up 0.7 %

Shares of Lundin Gold stock opened at C$34.97 on Friday. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$35.89. 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$8.39 billion, a P/E ratio of 27.11 and a beta of 1.23. The company has a fifty day moving average of C$28.89 and a 200 day moving average of C$23.44.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.55 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.07). Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The business had revenue of C$412.43 million during the quarter. On average, sell-side analysts anticipate that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were given a $0.551 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $2.20 annualized dividend and a yield of 6.30%. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10. Lundin Gold’s dividend payout ratio (DPR) is currently 82.95%.

Insiders Place Their Bets

In other news, Senior Officer Chester See sold 14,900 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. In other Lundin Gold news, Senior Officer Chester See sold 14,900 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total transaction of C$448,490.00. Also, Director Ronald F. Hochstein sold 16,200 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$29.50, for a total transaction of C$477,891.90. Insiders have sold 72,840 shares of company stock valued at $2,146,122 over the last ninety days. 58.72% of the stock is owned by 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.