Lundin Gold (TSE:LUG) Price Target Raised to C$114.00

Lundin Gold (TSE:LUG) had its price target upped by TD Securities from C$95.00 to C$114.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Lundin Gold from C$118.00 to C$125.00 in a research report on Tuesday, January 13th. CIBC boosted their price target on Lundin Gold from C$116.00 to C$123.00 in a research report on Thursday, November 13th. Jefferies Financial Group upped their price target on Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. Cormark raised their price objective on Lundin Gold from C$100.00 to C$115.00 in a research report on Wednesday, January 14th. Finally, Canaccord Genuity Group boosted their target price on Lundin Gold from C$103.00 to C$108.00 in a report on Wednesday, November 12th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lundin Gold has a consensus rating of “Reduce” and a consensus price target of C$92.45.

Lundin Gold Stock Up 1.5%

Shares of LUG stock opened at C$120.92 on Thursday. The business’s fifty day moving average is C$114.77 and its 200 day moving average is C$96.04. The stock has a market cap of C$29.19 billion, a price-to-earnings ratio of 42.73 and a beta of 1.21. Lundin Gold has a twelve month low of C$34.07 and a twelve month high of C$124.13.

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 business had revenue of C$622.58 million during the quarter. Lundin Gold had a return on equity of 29.88% and a net margin of 29.56%. Equities research analysts expect 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. Investors of record on Monday, December 22nd were given a dividend of $0.7058 per share. This represents a $2.82 annualized dividend and a dividend yield of 2.3%. This is an increase from Lundin Gold’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, December 5th. Lundin Gold’s payout ratio is 61.48%.

About Lundin Gold

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.