National Bank Financial Estimates Lundin Gold Q3 Earnings

Lundin Gold Inc. (TSE:LUG - Free Report) - Stock analysts at National Bank Financial increased their Q3 2024 earnings estimates for Lundin Gold in a research report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.70 for the quarter, up from their previous forecast of $0.64. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

Lundin Gold (TSE:LUG - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.55 earnings per share for the quarter, missing analysts' consensus estimates of C$0.62 by C($0.07). Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The company had revenue of C$412.43 million for the quarter.

Several other equities research analysts also recently issued reports on LUG. Cormark boosted their price objective on Lundin Gold from C$27.00 to C$32.00 and gave the company a "hold" rating in a report on Thursday, October 10th. 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. Royal Bank of Canada increased their price target on shares of Lundin Gold from C$25.00 to C$27.00 in a research report on Tuesday, September 10th. Raymond James cut shares of Lundin Gold from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from C$25.00 to C$29.00 in a report on Monday, September 23rd. Finally, Canaccord Genuity Group downgraded shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Four research 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. Based on data from MarketBeat, Lundin Gold has a consensus rating of "Moderate Buy" and a consensus price target of C$29.42.

Lundin Gold Trading Up 0.2 %

TSE:LUG traded up C$0.07 during trading hours on Thursday, reaching C$34.67. 306,939 shares of the stock were exchanged, compared to its average volume of 274,019. Lundin Gold has a twelve month low of C$14.23 and a twelve month high of C$35.89. The business has a 50-day moving average of C$29.49 and a two-hundred day moving average of C$23.74. The company has a market capitalization of C$8.32 billion, a price-to-earnings ratio of 26.88 and a beta of 1.23. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28.

Insider Buying and Selling at Lundin Gold

In other news, Senior Officer Chester See sold 14,900 shares of Lundin Gold stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total transaction of C$448,490.00. In other news, Senior Officer Chester See sold 14,900 shares of the firm's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total transaction of C$448,490.00. Also, 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 value of C$759,826.78. In the last three months, insiders have sold 72,840 shares of company stock valued at $2,146,122. Insiders own 58.72% of the company's stock.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were given a $0.551 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This is an increase from Lundin Gold's previous quarterly dividend of $0.10. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.36%. Lundin Gold's dividend payout ratio 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.