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

Lundin Gold Inc. (TSE:LUG) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$32.55.

Several equities analysts recently commented on the company. Royal Bank of Canada raised their target price on Lundin Gold from C$27.00 to C$31.00 in a research report on Friday, December 6th. Jefferies Financial Group downgraded shares of Lundin Gold from a “buy” rating to a “hold” rating and reduced their target price for the company from C$37.00 to C$36.00 in a research note on Wednesday. CIBC increased their target price on shares of Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Desjardins raised shares of Lundin Gold to a “moderate buy” rating in a report on Thursday, October 31st. Finally, Canaccord Genuity Group cut shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 22nd.

Insider Transactions at Lundin Gold

In other news, Director Ronald F. Hochstein sold 16,200 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$29.50, for a total transaction of C$477,891.90. Also, Senior Officer Terrence Smith sold 25,740 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$29.52, for a total transaction of C$759,826.78. Insiders have sold a total of 56,840 shares of company stock valued at $1,686,209 over the last three months. 58.72% of the stock is currently owned by corporate insiders.

Lundin Gold Trading Down 1.7 %

Shares of LUG stock opened at C$31.38 on Friday. The firm has a fifty day moving average of C$32.81 and a 200-day moving average of C$27.06. The stock has a market cap of C$7.53 billion, a price-to-earnings ratio of 24.33 and a beta of 1.23. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$35.89. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98.

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

Lundin Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, December 5th. Lundin Gold’s payout ratio is presently 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.