Lundin Gold Inc. (TSE:LUG – Get Rating)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$17.81 and last traded at C$17.67, with a volume of 281657 shares traded. The stock had previously closed at C$17.24.
Analyst Ratings Changes
LUG has been the subject of several recent analyst reports. CIBC upped their price objective on shares of Lundin Gold from C$18.50 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, February 28th. Canaccord Genuity Group increased their price objective on Lundin Gold from C$17.00 to C$18.00 in a report on Tuesday, February 28th. BMO Capital Markets boosted their target price on Lundin Gold from C$20.00 to C$21.00 in a research note on Thursday, April 6th. Scotiabank raised their price target on Lundin Gold from C$15.00 to C$16.50 in a research note on Monday, April 10th. Finally, National Bankshares boosted their price objective on shares of Lundin Gold from C$16.50 to C$17.50 and gave the company a “sector perform” rating in a research report on Tuesday, February 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$17.13.
Lundin Gold Trading Down 1.3 %
The stock’s fifty day moving average price is C$15.36 and its 200 day moving average price is C$13.69. The stock has a market cap of C$4.05 billion, a P/E ratio of 40.90 and a beta of 1.11. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 78.39.
Lundin Gold (TSE:LUG – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.16 by C$0.03. The business had revenue of C$286.42 million for the quarter. Lundin Gold had a net margin of 9.02% and a return on equity of 8.83%. Equities research analysts expect that Lundin Gold Inc. will post 1.0996805 earnings per share for the current year.
Lundin Gold Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 31st were paid a $0.133 dividend. The ex-dividend date was Friday, March 10th. This represents a $0.53 annualized dividend and a dividend yield of 3.10%. Lundin Gold’s payout ratio is currently 128.57%.
Lundin Gold Company Profile
Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 hectares located in Southeast Ecuador. It primary holds interests in the Fruta del Norte gold project comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.
Further Reading
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