Lundin Gold Inc. (TSE:LUG - Free Report) - Stock analysts at Desjardins raised their FY2024 earnings per share (EPS) estimates for Lundin Gold in a research report issued to clients and investors on Thursday, November 7th. Desjardins analyst A. Carson now expects that the company will post earnings per share of $2.36 for the year, up from their previous forecast of $2.15. Desjardins currently has a "Moderate Buy" rating on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share. Desjardins also issued estimates for Lundin Gold's FY2025 earnings at $2.61 EPS.
Lundin Gold (TSE:LUG - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 earnings per share for the quarter, beating analysts' consensus estimates of C$0.60 by C$0.16. The business had revenue of C$440.77 million during the quarter. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%.
Several other equities analysts have also weighed in on the stock. Canaccord Genuity Group lowered shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Raymond James downgraded shares of Lundin Gold from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from C$25.00 to C$29.00 in a research report on Monday, September 23rd. TD Securities raised their target price on Lundin Gold from C$27.00 to C$38.00 in a research report on Friday, October 18th. CIBC lifted their price target on Lundin Gold from C$28.00 to C$34.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. Finally, National Bankshares increased their price target 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. Four investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$29.42.
Check Out Our Latest Report on Lundin Gold
Shares of LUG stock opened at C$32.67 on Monday. Lundin Gold has a twelve month low of C$14.23 and a twelve month high of C$35.89. The stock has a market cap of C$7.84 billion, a P/E ratio of 25.33 and a beta of 1.23. The stock has a 50 day moving average of C$30.83 and a 200 day moving average of C$24.87. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.80 annualized dividend and a yield of 2.45%. Lundin Gold's dividend payout ratio is presently 82.95%.
In other news, Senior Officer Terrence Smith sold 25,740 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$29.52, for a total transaction of C$759,826.78. In related news, Senior Officer Chester See sold 14,900 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. Also, Senior Officer Terrence Smith sold 25,740 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$29.52, for a total value of C$759,826.78. In the last quarter, insiders sold 72,840 shares of company stock worth $2,146,122. Insiders own 58.72% of the company's stock.
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.
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