Q4 EPS Estimates for Lundin Gold Raised by Analyst

Lundin Gold Inc. (TSE:LUG) – Equities researchers at National Bank Financial raised their Q4 2024 earnings per share estimates for shares of Lundin Gold in a research report issued on Tuesday, November 12th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.85 per share for the quarter, up from their prior estimate of $0.63. 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 FY2025 earnings at $3.36 EPS, FY2026 earnings at $3.38 EPS and FY2027 earnings at $2.65 EPS.

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

Several other equities analysts also recently commented on the company. Desjardins upgraded Lundin Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada upped their price target on Lundin Gold from C$25.00 to C$27.00 in a research note on Tuesday, September 10th. Canaccord Genuity Group downgraded shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Raymond James cut shares of Lundin Gold from an “outperform” rating to a “market perform” rating and raised their target price for the company from C$25.00 to C$29.00 in a research note on Monday, September 23rd. Finally, CIBC boosted their price target on shares of Lundin Gold from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$29.42.

Lundin Gold Trading Down 1.6 %

Shares of Lundin Gold stock opened at C$29.89 on Friday. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$35.89. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The company has a market capitalization of C$7.17 billion, a P/E ratio of 23.17 and a beta of 1.23. The company has a fifty day moving average of C$31.05 and a 200 day moving average of C$25.11.

Insiders Place Their Bets

In other Lundin Gold news, Senior Officer Sheila Margaret Colman sold 16,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$28.74, for a total value of C$459,913.60. Also, Director Ronald F. Hochstein sold 16,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$29.50, for a total value of C$477,891.90. Insiders sold 72,840 shares of company stock valued at $2,146,122 over the last three months. 58.72% of the stock is 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 given a $0.20 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. Lundin Gold’s dividend payout ratio is presently 82.95%.

About Lundin Gold

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.