Lundin Gold Inc. (TSE:LUG) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Lundin Gold Inc. (TSE:LUG) have earned a consensus recommendation of “Reduce” from the nine brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$92.45.

Several equities research analysts recently weighed in on LUG shares. Raymond James Financial lifted their price objective on Lundin Gold from C$65.00 to C$80.00 in a report on Friday, October 10th. CIBC upped their price objective on shares of Lundin Gold from C$116.00 to C$123.00 in a report on Thursday, November 13th. Cormark increased their target price on shares of Lundin Gold from C$100.00 to C$115.00 in a research report on Wednesday, January 14th. Canaccord Genuity Group lifted their target price on shares of Lundin Gold from C$103.00 to C$108.00 in a research note on Wednesday, November 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Lundin Gold from C$16.00 to C$28.00 in a research note on Friday, October 10th.

Lundin Gold Stock Up 3.2%

Shares of LUG stock opened at C$119.17 on Friday. The firm has a market cap of C$28.77 billion, a P/E ratio of 42.11 and a beta of 1.21. The company has a 50 day moving average of C$114.63 and a 200-day moving average of C$95.53. Lundin Gold has a 12-month low of C$34.07 and a 12-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 earnings per share for the quarter. Lundin Gold had a return on equity of 29.88% and a net margin of 29.56%.The business had revenue of C$622.58 million during the quarter. As a group, equities analysts expect that Lundin Gold will post 2.5603448 EPS for the current year.

Lundin Gold Increases Dividend

The business also recently announced 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 is an increase from Lundin Gold’s previous quarterly dividend of $0.68. This represents a $2.82 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, December 5th. Lundin Gold’s dividend payout ratio (DPR) is currently 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.