Lundin Gold (TSE:LUG) Hits New 12-Month High at $19.62

Lundin Gold Inc. (TSE:LUG - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as C$19.62 and last traded at C$19.55, with a volume of 61971 shares traded. The stock had previously closed at C$19.15.

Analyst Ratings Changes

Several analysts recently commented on LUG shares. Scotiabank raised their price objective on shares of Lundin Gold from C$20.00 to C$21.00 and gave the company a "sector perform" rating in a research note on Thursday, March 28th. National Bankshares boosted their price target on Lundin Gold from C$19.00 to C$20.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 28th. Cormark raised Lundin Gold from a "market perform" rating to a "buy" rating and raised their price objective for the company from C$21.00 to C$22.00 in a research note on Friday, April 12th. Raymond James set a C$17.50 price objective on Lundin Gold and gave the stock an "outperform" rating in a report on Thursday, January 25th. Finally, Veritas Investment Research upped their target price on Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$20.95.

Lundin Gold Price Performance

The company has a market capitalization of C$4.70 billion, a price-to-earnings ratio of 19.36 and a beta of 1.10. The company has a fifty day simple moving average of C$17.45 and a two-hundred day simple moving average of C$16.54. The company has a debt-to-equity ratio of 31.98, a quick ratio of 1.41 and a current ratio of 2.86.

Lundin Gold (TSE:LUG - Get Free Report) last released 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). The business had revenue of C$259.63 million for the quarter. Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. As a group, research analysts anticipate that Lundin Gold Inc. will post 1.3629738 earnings per share for the current year.

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were issued a $0.269 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 5.45%. Lundin Gold's payout ratio is 52.94%.

Insider Buying and Selling

In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of Lundin Gold stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$16.73, for a total value of C$1,673,330.00. 59.46% of the stock is currently owned by company 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.