Lundin Gold Inc. (TSE:LUG) Given Average Rating of “Moderate Buy” by Brokerages

Lundin Gold Inc. (TSE:LUG) has been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$33.15.

A number of equities analysts have commented on LUG shares. Raymond James downgraded shares of Lundin Gold from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$25.00 to C$29.00 in a research note on Monday, September 23rd. CIBC increased their price objective on Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. TD Securities raised their price objective on Lundin Gold from C$27.00 to C$38.00 in a report on Friday, October 18th. Desjardins upgraded Lundin Gold to a “moderate buy” rating in a report on Thursday, October 31st. Finally, Cormark upgraded Lundin Gold from a “market perform” rating to a “buy” rating and raised their price target for the company from C$35.00 to C$38.00 in a research note on Friday, January 10th.

Insider Buying and Selling at Lundin Gold

In other news, Director Pablo Mir sold 11,535 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total transaction of C$355,001.16. 58.72% of the stock is owned by insiders.

Lundin Gold Stock Performance

Shares of Lundin Gold stock opened at C$34.30 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28. The stock’s fifty day moving average is C$32.06 and its two-hundred day moving average is C$28.99. Lundin Gold has a 52 week low of C$14.23 and a 52 week high of C$35.89. The company has a market capitalization of C$8.23 billion, a PE ratio of 26.59 and a beta of 1.23.

Lundin Gold (TSE:LUG) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, topping analysts’ consensus estimates of C$0.60 by C$0.16. The firm had revenue of C$440.77 million for the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. As a group, analysts expect that Lundin Gold will post 2.5603448 earnings per share for the current year.

Lundin Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, December 5th. Lundin Gold’s dividend payout ratio (DPR) is currently 82.95%.

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.