Lundin Gold FY2024 EPS Raised by National Bank Financial

Lundin Gold Inc. (TSE:LUG) – National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for Lundin Gold in a research report issued on Tuesday, November 12th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $2.54 for the year, up from their prior forecast of $2.39. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. National Bank Financial also issued estimates for Lundin Gold’s FY2028 earnings at $2.52 EPS.

LUG has been the subject of a number of other reports. National Bankshares raised their price objective on Lundin Gold from C$30.75 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Jefferies Financial Group raised their price objective on Lundin Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Desjardins upgraded Lundin Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Cormark lifted their price target on Lundin Gold from C$27.00 to C$32.00 and gave the stock a “hold” rating in a report on Thursday, October 10th. Finally, Scotiabank increased their target price on shares of Lundin Gold from C$23.50 to C$25.50 in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lundin Gold has an average rating of “Moderate Buy” and a consensus price target of C$29.42.

Lundin Gold Stock Up 0.5 %

Shares of TSE LUG opened at C$30.05 on Thursday. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$35.89. The stock has a 50-day moving average price of C$31.19 and a two-hundred day moving average price of C$25.18. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28. The company has a market cap of C$7.21 billion, a price-to-earnings ratio of 23.29 and a beta of 1.23.

Lundin Gold (TSE:LUG) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, beating analysts’ consensus estimates of C$0.60 by C$0.16. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The firm had revenue of C$440.77 million for the quarter.

Insider Buying and Selling at Lundin Gold

In other news, Senior Officer Chester See sold 14,900 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total value of C$448,490.00. Also, Director Ronald F. Hochstein sold 16,200 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$29.50, for a total transaction of C$477,891.90. In the last ninety days, insiders have sold 72,840 shares of company stock valued at $2,146,122. 58.72% of the stock is currently owned by company insiders.

Lundin Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, December 5th. Lundin Gold’s dividend payout ratio (DPR) is currently 82.95%.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.