Lundin Gold (TSE:LUG) Price Target Raised to C$115.00

Lundin Gold (TSE:LUG) had its target price upped by Cormark from C$100.00 to C$115.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. CIBC raised their price target on Lundin Gold from C$116.00 to C$123.00 in a research note on Thursday, November 13th. Jefferies Financial Group increased their price objective on Lundin Gold from C$96.00 to C$111.00 in a report on Monday, December 8th. Canaccord Genuity Group raised their target price on Lundin Gold from C$103.00 to C$108.00 in a research report on Wednesday, November 12th. Raymond James Financial upped their price target on Lundin Gold from C$65.00 to C$80.00 in a report on Friday, October 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lundin Gold from C$16.00 to C$28.00 in a research note on Friday, October 10th. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of C$88.73.

Lundin Gold Stock Down 3.3%

Shares of Lundin Gold stock opened at C$115.97 on Wednesday. Lundin Gold has a 52-week low of C$33.80 and a 52-week high of C$124.13. The company has a 50 day moving average of C$114.01 and a 200 day moving average of C$94.22. The company has a market capitalization of C$28.00 billion, a P/E ratio of 40.98 and a beta of 1.21.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.86 EPS for the quarter. The company had revenue of C$622.58 million for the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. As a group, research analysts anticipate that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Lundin Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 22nd were given a dividend of $0.7058 per share. This represents a $2.82 annualized dividend and a yield of 2.4%. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, December 5th. Lundin Gold’s dividend payout ratio is presently 61.48%.

Lundin Gold Company Profile

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.