Lundin Gold Inc. (TSE:LUG - Free Report) - Stock analysts at Raymond James dropped their Q4 2024 earnings per share (EPS) estimates for Lundin Gold in a research note issued on Monday, October 28th. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of $0.63 for the quarter, down from their prior forecast of $0.64. Raymond James currently has a "Market Perform" rating and a $29.00 price target on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share. Raymond James also issued estimates for Lundin Gold's Q2 2025 earnings at $0.62 EPS and Q3 2025 earnings at $0.62 EPS.
Lundin Gold (TSE:LUG - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.62 by C($0.07). Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The company had revenue of C$412.43 million for the quarter.
LUG has been the subject of several other reports. CIBC boosted their price objective on shares of Lundin Gold from C$28.00 to C$34.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. National Bankshares upped their target price on shares of Lundin Gold from C$30.75 to C$32.00 and gave the company an "outperform" rating in a research note on Wednesday, August 14th. Jefferies Financial Group upped their target price on shares of Lundin Gold from C$35.00 to C$37.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Cormark increased their price objective on shares of Lundin Gold from C$27.00 to C$32.00 and gave the stock a "hold" rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada upped their target price on shares of Lundin Gold from C$25.00 to C$27.00 in a research report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Lundin Gold currently has an average rating of "Moderate Buy" and an average price target of C$29.42.
Check Out Our Latest Report on LUG
Lundin Gold Price Performance
Shares of Lundin Gold stock traded down C$0.50 during trading on Thursday, hitting C$33.67. 231,615 shares of the company were exchanged, compared to its average volume of 272,891. 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 fifty-two week low of C$14.23 and a fifty-two week high of C$35.89. The stock has a market capitalization of C$8.08 billion, a price-to-earnings ratio of 25.91 and a beta of 1.23. The firm has a 50 day moving average price of C$30.09 and a 200 day moving average price of C$24.21.
Lundin Gold Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were paid a $0.551 dividend. The ex-dividend date was Tuesday, September 10th. This is an increase from Lundin Gold's previous quarterly dividend of $0.10. This represents a $2.20 annualized dividend and a dividend yield of 6.55%. Lundin Gold's dividend payout ratio is 82.95%.
Insider Activity at Lundin Gold
In other news, Senior Officer Chester See sold 14,900 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total value of C$448,490.00. In other news, Senior Officer Sheila Margaret Colman sold 16,000 shares of the company's stock in a transaction on 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, Senior Officer Chester See sold 14,900 shares of the business'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. Over the last three months, insiders have sold 72,840 shares of company stock worth $2,146,122. Corporate insiders own 58.72% of the company's stock.
About Lundin Gold
(
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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.
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