Lundin Gold (TSE:LUG) Given New C$35.00 Price Target at Jefferies Financial Group

Lundin Gold (TSE:LUG) had its price objective raised by Jefferies Financial Group from C$29.00 to C$35.00 in a report issued on Friday, BayStreet.CA reports.

Other analysts also recently issued reports about the company. Cormark increased their price target on Lundin Gold from C$26.00 to C$27.00 in a research report on Friday, August 9th. Raymond James lowered Lundin Gold from an outperform rating to a market perform rating and raised their target price for the company from C$25.00 to C$29.00 in a research report on Monday, September 23rd. Royal Bank of Canada boosted their price target on shares of Lundin Gold from C$25.00 to C$27.00 in a report on Tuesday, September 10th. National Bank Financial upgraded shares of Lundin Gold from a hold rating to a strong-buy rating in a report on Sunday, July 7th. Finally, Canaccord Genuity Group boosted their target price on shares of Lundin Gold from C$27.50 to C$28.50 in a research note on Tuesday, August 20th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of C$27.92.

Lundin Gold Price Performance

Shares of TSE:LUG opened at C$30.90 on Friday. Lundin Gold has a 1-year low of C$14.23 and a 1-year high of C$31.72. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28. The stock has a market cap of C$7.41 billion, a PE ratio of 24.33 and a beta of 1.23. The stock’s fifty day simple moving average is C$27.10 and its two-hundred day simple moving average is C$22.55.

Lundin Gold (TSE:LUG) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of C$412.43 million for the quarter. As a group, analysts forecast that Lundin Gold will post 2.5618964 EPS for the current fiscal year.

Lundin Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were paid a $0.551 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 7.13%. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, September 10th. Lundin Gold’s payout ratio is currently 84.25%.

Insider Buying and Selling at Lundin Gold

In other news, Senior Officer Sheila Margaret Colman sold 16,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$28.74, for a total value of C$459,913.60. In other news, Senior Officer Sheila Margaret Colman sold 16,000 shares of the 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 firm’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 72,840 shares of company stock valued at $2,146,122 in the last 90 days. 58.75% of the stock is currently owned by company insiders.

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.