Lundin Gold (TSE:LUG) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Lundin Gold shares fell below their 200-day moving average, trading as low as C$90.25 versus the average of C$95.44, which may signal weakening technical momentum.
• Despite the decline, analysts maintain a consensus “Buy” rating with an average price target of C$101.33; recent targets range from C$88 to C$131.
• The company reported C$1.19 in quarterly EPS and C$678.70 million in revenue, while its quarterly dividend implies a 4.0% yield—but its 102.6% payout ratio raises sustainability concerns.

Lundin Gold Inc. (TSE:LUG - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$95.44 and traded as low as C$90.25. Lundin Gold shares last traded at C$90.80, with a volume of 457,138 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on LUG shares. ATB Cormark Capital Markets upgraded Lundin Gold from a "sector perform" rating to an "outperform" rating and set a C$130.00 price objective on the stock in a research note on Friday, May 8th. Desjardins lowered their target price on Lundin Gold from C$105.00 to C$100.00 and set a "buy" rating for the company in a research note on Monday, July 27th. Canadian Imperial Bank of Commerce dropped their target price on Lundin Gold from C$137.00 to C$131.00 in a report on Monday, August 10th. Finally, Jefferies Financial Group reduced their price target on Lundin Gold from C$90.00 to C$88.00 in a research report on Monday, July 6th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Lundin Gold presently has a consensus rating of "Buy" and a consensus price target of C$101.33.

Lundin Gold Trading Up 0.4%

The stock has a market cap of C$21.96 billion, a PE ratio of 23.58 and a beta of 1.62. The company's 50 day moving average is C$80.87 and its 200-day moving average is C$95.44.

Lundin Gold (TSE:LUG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The company had revenue of C$678.70 million during the quarter. Lundin Gold had a net margin of 46.31% and a return on equity of 81.63%. As a group, analysts forecast that Lundin Gold Inc. will post 2.5603448 EPS for the current year.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were paid a $0.91 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $3.64 annualized dividend and a dividend yield of 4.0%. Lundin Gold's payout ratio is 102.60%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source