Desjardins Cuts Lundin Gold (TSE:LUG) Price Target to C$100.00

Lundin Gold (TSE:LUG) had its price target trimmed by Desjardins from C$105.00 to C$100.00 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on LUG. ATB Cormark Capital Markets raised shares of Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 price target on the stock in a research report on Friday, May 8th. Jefferies Financial Group lowered their price objective on shares of Lundin Gold from C$90.00 to C$88.00 in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$102.17.

Lundin Gold Price Performance

Shares of TSE:LUG opened at C$82.54 on Monday. The firm’s 50 day simple moving average is C$80.52 and its 200 day simple moving average is C$98.37. Lundin Gold has a fifty-two week low of C$62.70 and a fifty-two week high of C$130.98. The company has a market capitalization of C$19.96 billion, a price-to-earnings ratio of 21.89 and a beta of 1.64.

Lundin Gold (TSE:LUG) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$1.57 earnings per share (EPS) for the quarter. Lundin Gold had a net margin of 45.73% and a return on equity of 68.29%. The firm had revenue of C$788.83 million during the quarter. Equities research analysts expect that Lundin Gold will post 2.5603448 earnings per share for the current year.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $3.64 annualized dividend and a dividend yield of 4.4%. Lundin Gold’s dividend payout ratio (DPR) is currently 84.62%.

Lundin Gold Company Profile

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.