Analysts Issue Forecasts for Lundin Gold Inc.’s FY2021 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Stock analysts at Cormark decreased their FY2021 EPS estimates for Lundin Gold in a research report issued to clients and investors on Wednesday, January 12th. Cormark analyst N. Dion now expects that the company will post earnings of $1.19 per share for the year, down from their prior forecast of $1.20. Cormark has a “Neutral” rating and a $13.00 price target on the stock. Cormark also issued estimates for Lundin Gold’s FY2022 earnings at $0.97 EPS.

Lundin Gold (TSE:LUG) last posted its quarterly earnings results on Tuesday, November 9th. The company reported C$0.31 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.22 by C$0.09. The business had revenue of C$240.19 million for the quarter.

Other research analysts have also issued research reports about the company. BMO Capital Markets restated a “buy” rating and set a C$14.00 target price on shares of Lundin Gold in a research report on Tuesday. National Bankshares decreased their price target on shares of Lundin Gold from C$15.00 to C$13.50 and set a “sector perform” rating for the company in a research note on Thursday, December 16th. CIBC decreased their price target on shares of Lundin Gold from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Thursday, December 16th. National Bank Financial decreased their price target on shares of Lundin Gold to C$13.50 and set a “sector perform” rating for the company in a research note on Thursday, December 16th. Finally, Scotiabank decreased their price target on shares of Lundin Gold from C$13.00 to C$12.00 in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$13.47.

LUG opened at C$9.64 on Thursday. The firm has a market cap of C$2.25 billion and a P/E ratio of 9.34. Lundin Gold has a 12 month low of C$8.90 and a 12 month high of C$12.93. The company has a current ratio of 1.42, a quick ratio of 1.10 and a debt-to-equity ratio of 95.43. The stock has a 50-day moving average of C$10.32 and a 200 day moving average of C$10.56.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 29 metallic mineral concessions and three materials concessions covering an area of approximately 64,609 hectares located in Southeast Ecuador. It primary holds interests in the Fruta del Norte gold project that comprises seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.

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Earnings History and Estimates for Lundin Gold (TSE:LUG)

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