National Bank Financial Weighs in on Lundin Gold Q4 Earnings

Lundin Gold Inc. (TSE:LUG - Free Report) - Research analysts at National Bank Financial increased their Q4 2024 earnings per share estimates for shares of Lundin Gold in a research report issued to clients and investors on Tuesday, November 12th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.85 per share for the quarter, up from their previous forecast 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 - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 earnings per share for the quarter, beating the consensus estimate 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%.

LUG has been the topic of several other research reports. Desjardins raised Lundin Gold to a "moderate buy" rating in a research note on Thursday, October 31st. CIBC increased their target price on Lundin Gold from C$28.00 to C$34.00 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. Scotiabank upped their price objective on Lundin Gold from C$23.50 to C$25.50 in a research report on Monday, August 19th. Royal Bank of Canada lifted their target price on Lundin Gold from C$25.00 to C$27.00 in a research report on Tuesday, September 10th. Finally, Raymond James cut shares of Lundin Gold from an "outperform" rating to a "market perform" rating and raised their price target for the stock from C$25.00 to C$29.00 in a research note on Monday, September 23rd. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lundin Gold presently has an average rating of "Moderate Buy" and a consensus target price of C$29.42.

Lundin Gold Trading Up 0.5 %

TSE LUG traded up C$0.16 on Friday, reaching C$30.05. The company had a trading volume of 320,747 shares, compared to its average volume of 276,491. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28. The stock has a market cap of C$7.21 billion, a price-to-earnings ratio of 23.29 and a beta of 1.23. The stock's 50 day moving average is C$31.19 and its 200-day moving average is C$25.18. Lundin Gold has a 52 week low of C$14.23 and a 52 week high of C$35.89.

Lundin Gold Cuts Dividend

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 given a dividend of $0.20 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. Lundin Gold's dividend payout ratio is currently 82.95%.

Insider Activity at Lundin Gold

In other news, Senior Officer Terrence Smith sold 25,740 shares of Lundin Gold stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$29.52, for a total value of C$759,826.78. Also, Director Ronald F. Hochstein sold 16,200 shares of the company's stock in a transaction dated 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 have sold 72,840 shares of company stock valued at $2,146,122 over the last ninety days. 58.72% of the stock is owned by corporate insiders.

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.