Lundin Gold Inc. (TSE:LUG – Get Rating) has earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$13.03.
LUG has been the topic of a number of recent research reports. Cormark raised their price target on shares of Lundin Gold from C$12.00 to C$12.50 in a research report on Thursday, August 11th. TD Securities lifted their price target on shares of Lundin Gold from C$13.50 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Finally, National Bankshares increased their price target on Lundin Gold from C$10.50 to C$11.50 and gave the stock a “sector perform” rating in a research report on Thursday, August 11th.
Lundin Gold Trading Up 5.5 %
LUG stock opened at C$9.60 on Friday. The company has a debt-to-equity ratio of 70.94, a current ratio of 1.81 and a quick ratio of 1.41. The company has a fifty day moving average price of C$9.10 and a two-hundred day moving average price of C$9.77. Lundin Gold has a one year low of C$7.80 and a one year high of C$12.73. The stock has a market cap of C$2.26 billion and a price-to-earnings ratio of 10.32.
Lundin Gold (TSE:LUG – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.07). The business had revenue of C$226.95 million during the quarter. Equities analysts anticipate that Lundin Gold will post 0.8299999 EPS for the current year.
Lundin Gold Announces Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 13th. Shareholders of record on Wednesday, August 24th were given a dividend of $0.256 per share. The ex-dividend date was Tuesday, August 23rd. This represents a yield of 2.74%. Lundin Gold’s dividend payout ratio is currently 55.91%.
Insider Buying and Selling at Lundin Gold
In other Lundin Gold news, insider Lorito Holdings S.à.r.l. bought 181,000 shares of the firm’s stock in a transaction on Wednesday, August 31st. The shares were purchased at an average price of C$8.79 per share, for a total transaction of C$1,590,935.70. Following the completion of the transaction, the insider now directly owns 181,000 shares in the company, valued at approximately C$1,590,935.70. In related news, Director Ronald F. Hochstein purchased 16,235 shares of the stock in a transaction dated Tuesday, September 20th. The stock was bought at an average cost of C$9.60 per share, for a total transaction of C$155,856.00. Following the completion of the acquisition, the director now owns 585,835 shares of the company’s stock, valued at C$5,624,016. Also, insider Lorito Holdings S.à.r.l. acquired 181,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The shares were purchased at an average cost of C$8.79 per share, for a total transaction of C$1,590,935.70. Following the acquisition, the insider now owns 181,000 shares in the company, valued at C$1,590,935.70. In the last quarter, insiders have acquired 479,935 shares of company stock valued at $4,226,837.
About Lundin Gold
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.
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Read More:Lundin Gold Inc. (TSE:LUG) Receives Average Recommendation of “Moderate Buy” from Brokerages
2022-10-02 06:25:52
