Brokerages Set Lundin Gold Inc. (TSE:LUG) Target Price at C$20.15

Shares of Lundin Gold Inc. (TSE:LUG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$20.15.

LUG has been the subject of a number of analyst reports. Raymond James set a C$17.50 price objective on Lundin Gold and gave the stock an "outperform" rating in a research note on Thursday, January 25th. Cormark upped their price objective on Lundin Gold from C$20.00 to C$21.00 in a research note on Thursday, March 28th. BMO Capital Markets upped their price objective on Lundin Gold from C$20.00 to C$22.00 in a research note on Wednesday, December 13th. Scotiabank upped their price objective on Lundin Gold from C$20.00 to C$21.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 28th. Finally, National Bankshares increased their price target on Lundin Gold from C$19.00 to C$20.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 28th.

Lundin Gold Stock Up 0.9 %

Shares of LUG stock traded up C$0.16 during mid-day trading on Monday, hitting C$18.83. The stock had a trading volume of 222,748 shares, compared to its average volume of 262,161. Lundin Gold has a 12-month low of C$14.23 and a 12-month high of C$19.57. The firm has a market capitalization of C$4.48 billion, a P/E ratio of 18.46 and a beta of 1.10. The firm's 50-day moving average is C$16.97 and its two-hundred day moving average is C$16.37. The company has a debt-to-equity ratio of 31.98, a current ratio of 2.86 and a quick ratio of 1.41.

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). The firm had revenue of C$259.63 million during the quarter. Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. On average, analysts predict that Lundin Gold will post 1.4591148 earnings per share for the current fiscal year.

Lundin Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were issued a $0.269 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date was Thursday, March 7th. Lundin Gold's dividend payout ratio is presently 52.94%.

Insider Activity

In other news, Director Ronald F. Hochstein sold 100,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$16.73, for a total value of C$1,673,330.00. Corporate insiders own 59.46% of the company's stock.

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.