Lundin Gold (TSE:LUG) PT Raised to C$24.75 at National Bankshares

Lundin Gold (TSE:LUG) had its price objective raised by National Bankshares from C$24.50 to C$24.75 in a report issued on Friday morning, BayStreet.CA reports.

Several other equities analysts also recently weighed in on LUG. Jefferies Financial Group set a C$19.00 target price on shares of Lundin Gold and gave the company a buy rating in a report on Thursday, February 29th. Cormark upgraded shares of Lundin Gold from a market perform rating to a buy rating and raised their target price for the company from C$21.00 to C$22.00 in a report on Friday, April 12th. Veritas Investment Research raised their target price on shares of Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Scotiabank lifted 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 report on Thursday, March 28th. Finally, Raymond James set a C$17.50 price target on shares of Lundin Gold and gave the stock an outperform rating in a report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$21.48.

Lundin Gold Stock Performance

Shares of LUG opened at C$20.18 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.86 and a debt-to-equity ratio of 31.98. The company has a 50-day simple moving average of C$17.54 and a 200-day simple moving average of C$16.58. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$20.36. The company has a market capitalization of C$4.81 billion, a PE ratio of 19.78 and a beta of 1.10.

Lundin Gold (TSE:LUG) last posted its earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share 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 business had revenue of C$259.63 million for the quarter. Equities research analysts predict that Lundin Gold will post 1.3629738 earnings per share for the current fiscal year.

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were given a $0.269 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.08 annualized dividend and a dividend yield of 5.33%. Lundin Gold’s dividend payout ratio is presently 52.94%.

Insider Buying and Selling

In related news, Director Ronald F. Hochstein sold 100,000 shares of the firm’s stock in a transaction that occurred on 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. Corporate insiders own 59.46% 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.