Lundin Gold (TSE:LUG) Price Target Raised to C$35.00 at Jefferies Financial Group

Lundin Gold (TSE:LUG) had its price target raised by Jefferies Financial Group from C$29.00 to C$35.00 in a report released on Friday, BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the company. Scotiabank boosted their target price on Lundin Gold from C$23.50 to C$25.50 in a research note on Monday, August 19th. National Bankshares increased their price objective on Lundin Gold from C$30.75 to C$32.00 and gave the company an outperform rating in a research note on Wednesday, August 14th. TD Securities raised their target price on shares of Lundin Gold from C$24.00 to C$27.00 and gave the stock a buy rating in a report on Tuesday, July 30th. Cormark upped their price target on shares of Lundin Gold from C$26.00 to C$27.00 in a report on Friday, August 9th. Finally, Canaccord Genuity Group raised their price target on shares of Lundin Gold from C$27.50 to C$28.50 in a report on Tuesday, August 20th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$27.92.

Lundin Gold Stock Down 0.9 %

Shares of LUG opened at C$30.90 on Friday. Lundin Gold has a 1 year low of C$14.23 and a 1 year high of C$31.72. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41. The stock has a 50 day simple moving average of C$27.10 and a two-hundred day simple moving average of C$22.55. The firm has a market cap of C$7.41 billion, a P/E ratio of 24.33 and a beta of 1.23.

Lundin Gold (TSE:LUG) last announced 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). Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The business had revenue of C$412.43 million during the quarter. On average, analysts forecast that Lundin Gold will post 2.5618964 earnings per share for the current fiscal year.

Lundin Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.551 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date was Tuesday, September 10th. This is a boost from Lundin Gold’s previous quarterly dividend of $0.10. Lundin Gold’s payout ratio is 84.25%.

Insider Buying and Selling

In related news, Senior Officer Sheila Margaret Colman sold 16,000 shares of the business’s stock in a transaction dated 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 14,900 shares of the business’s stock in a transaction 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. Insiders sold a total of 72,840 shares of company stock worth $2,146,122 in the last three months. 58.75% of the stock is owned by corporate 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.