Lundin Gold FY2024 EPS Raised by National Bank Financial

Lundin Gold Inc. (TSE:LUG - Free Report) - National Bank Financial boosted their FY2024 earnings estimates for shares of Lundin Gold in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $2.39 per share for the year, up from their prior forecast of $2.13. National Bank Financial currently has a "Strong-Buy" rating on the stock. 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 $3.42 EPS.

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

Other equities analysts have also recently issued research reports about the company. National Bankshares boosted their price objective on Lundin Gold from C$30.75 to C$32.00 and gave the company an "outperform" rating in a report on Wednesday, August 14th. Canaccord Genuity Group downgraded Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Cormark upped their price target on shares of Lundin Gold from C$27.00 to C$32.00 and gave the stock a "hold" rating in a report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on shares of Lundin Gold from C$35.00 to C$37.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Finally, TD Securities upped their target price on shares of Lundin Gold from C$27.00 to C$38.00 in a research note on Friday, October 18th. Four research 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's stock. According to data from MarketBeat, Lundin Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of C$29.42.

Lundin Gold Trading Down 1.4 %

TSE:LUG traded down C$0.48 during mid-day trading on Friday, hitting C$34.19. 263,774 shares of the stock traded hands, compared to its average volume of 273,970. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28. Lundin Gold has a 52 week low of C$14.23 and a 52 week high of C$35.89. The stock has a market capitalization of C$8.21 billion, a price-to-earnings ratio of 26.50 and a beta of 1.23. The firm's 50 day moving average is C$29.67 and its two-hundred day moving average is C$23.82.

Insiders Place Their Bets

In related 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. In related news, Senior Officer Chester See sold 14,900 shares of the business's stock in a transaction that occurred 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. Also, Senior Officer Sheila Margaret Colman sold 16,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$28.74, for a total transaction of C$459,913.60. Insiders sold a total of 72,840 shares of company stock worth $2,146,122 over the last 90 days. Company insiders own 58.72% of the company's stock.

Lundin Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were paid a $0.551 dividend. This is an increase from Lundin Gold's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $2.20 dividend on an annualized basis and a yield of 6.45%. Lundin Gold's payout ratio is 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.