Lundin Gold (TSE:LUG) PT Raised to C$37.00 at Jefferies Financial Group

Lundin Gold (TSE:LUG) had its price objective boosted by Jefferies Financial Group from C$35.00 to C$37.00 in a report issued on Thursday, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other analysts also recently commented on LUG. CIBC increased their price objective on Lundin Gold from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Scotiabank increased their price target on Lundin Gold from C$23.50 to C$25.50 in a research report on Monday, August 19th. Cormark lifted their price objective on shares of Lundin Gold from C$27.00 to C$32.00 and gave the stock a “hold” rating in a report on Thursday, October 10th. Raymond James downgraded shares of Lundin Gold from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$25.00 to C$29.00 in a report on Monday, September 23rd. Finally, National Bank Financial upgraded shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 7th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lundin Gold presently has a consensus rating of “Moderate Buy” and an average target price of C$29.42.

Lundin Gold Stock Performance

LUG opened at C$34.73 on Thursday. Lundin Gold has a 1-year low of C$14.23 and a 1-year high of C$35.19. The company has a market cap of C$8.34 billion, a price-to-earnings ratio of 26.92 and a beta of 1.23. The company’s fifty day moving average price is C$28.65 and its two-hundred day moving average price is C$23.33. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28.

Lundin Gold (TSE:LUG) last posted its earnings results on Thursday, August 8th. The company reported C$0.55 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.07). Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The business had revenue of C$412.43 million during the quarter. On average, analysts expect that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

Lundin Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were given a $0.551 dividend. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, September 10th. This represents a $2.20 annualized dividend and a yield of 6.35%. Lundin Gold’s payout ratio is currently 82.95%.

Insider Buying and Selling at Lundin Gold

In other Lundin Gold news, Senior Officer Chester See sold 14,900 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total transaction of C$448,490.00. In other news, Senior Officer Sheila Margaret Colman sold 16,000 shares of Lundin Gold stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$28.74, for a total value of C$459,913.60. Also, Senior Officer Chester See sold 14,900 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total transaction of C$448,490.00. Insiders have sold a total of 72,840 shares of company stock worth $2,146,122 over the last three months. 58.72% of the stock is currently owned by 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.