Lundin Gold (TSE:LUG) Price Target Raised to C$27.00 at Royal Bank of Canada

Lundin Gold (TSE:LUG) had its price objective raised by Royal Bank of Canada from C$25.00 to C$27.00 in a research note published on Tuesday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on LUG. Raymond James raised their price target on shares of Lundin Gold from C$21.00 to C$25.00 in a research note on Wednesday, July 31st. Scotiabank boosted their target price on Lundin Gold from C$23.50 to C$25.50 in a research note on Monday, August 19th. Canaccord Genuity Group upped their price objective on shares of Lundin Gold from C$27.50 to C$28.50 in a report on Tuesday, August 20th. Cormark upped their price target on shares of Lundin Gold from C$26.00 to C$27.00 in a research note on Friday, August 9th. Finally, CIBC lifted their price objective on shares of Lundin Gold from C$25.00 to C$28.00 and gave the company an outperform rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lundin Gold has an average rating of Buy and a consensus price target of C$27.08.

Lundin Gold Trading Up 2.2 %

Shares of LUG stock opened at C$29.43 on Tuesday. Lundin Gold has a 1-year low of C$14.23 and a 1-year high of C$29.71. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28. The stock has a 50-day moving average of C$24.75 and a 200-day moving average of C$20.98. The stock has a market cap of C$7.06 billion, a price-to-earnings ratio of 23.17 and a beta of 1.23.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.07). The company had revenue of C$412.43 million for the quarter. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. On average, equities research analysts forecast that Lundin Gold will post 2.5546059 earnings per share for the current year.

Lundin Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.551 per share. This is a boost from Lundin Gold’s previous quarterly dividend of $0.10. This represents a $2.20 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date is Tuesday, September 10th. Lundin Gold’s dividend payout ratio (DPR) is presently 86.61%.

Insider Transactions at Lundin Gold

In related news, Senior Officer Sheila Margaret Colman sold 16,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$28.74, for a total transaction of C$459,913.60. In related news, Senior Officer Sheila Margaret Colman sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$28.74, for a total transaction of C$459,913.60. Also, Senior Officer Chester See sold 30,100 shares of Lundin Gold stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$20.27, for a total value of C$610,253.42. Company insiders own 58.79% of the company’s stock.

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.