Lundin Gold (TSE:LUG – Free Report) had its target price hoisted by Canaccord Genuity Group from C$22.75 to C$23.25 in a research note released on Tuesday, BayStreet.CA reports.
Other research analysts have also issued reports about the stock. National Bankshares upped their target price on shares of Lundin Gold from C$24.50 to C$24.75 in a research report on Friday, April 19th. Scotiabank increased their price target on shares of Lundin Gold from C$20.00 to C$21.00 and gave the company a sector perform rating in a research report on Thursday, March 28th. Jefferies Financial Group increased their price target on shares of Lundin Gold from C$19.00 to C$23.00 and gave the company a buy rating in a research report on Monday. Raymond James increased their price target on shares of Lundin Gold from C$17.50 to C$21.00 in a research report on Tuesday. Finally, Veritas Investment Research increased their price target on shares of Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$22.25.
Read Our Latest Stock Analysis on Lundin Gold
Lundin Gold Trading Up 2.5 %
Lundin Gold (TSE:LUG – Get Free Report) last issued 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 return on equity of 19.85% and a net margin of 19.88%. The company had revenue of C$259.63 million for the quarter. On average, research analysts predict that Lundin Gold will post 1.3629738 earnings per share for the current fiscal year.
Lundin Gold Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were given a dividend of $0.269 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 5.56%. Lundin Gold’s dividend payout ratio (DPR) is currently 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 transaction of C$1,673,330.00. 59.46% of the stock is owned by company insiders.
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.
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