Lundin Gold Inc. (TSE:LUG – Free Report) – Research analysts at Desjardins increased their FY2025 earnings per share (EPS) estimates for shares of Lundin Gold in a research note issued to investors on Wednesday, January 8th. Desjardins analyst A. Carson now expects that the company will post earnings per share of $2.95 for the year, up from their prior forecast of $2.61. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.
Several other research analysts have also issued reports on LUG. BMO Capital Markets lowered shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 10th. Scotiabank reduced their price objective on shares of Lundin Gold from C$31.50 to C$30.00 in a research note on Tuesday, December 10th. TD Securities lifted their target price on shares of Lundin Gold from C$27.00 to C$38.00 in a report on Friday, October 18th. Royal Bank of Canada increased their price target on Lundin Gold from C$27.00 to C$31.00 in a research note on Friday, December 6th. Finally, Cormark raised Lundin Gold from a “market perform” rating to a “buy” rating and lifted their price objective for the stock from C$35.00 to C$38.00 in a research note on Friday. Five equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$33.15.
Lundin Gold Trading Up 0.2 %
Shares of LUG opened at C$33.91 on Monday. The stock’s fifty day simple moving average is C$32.01 and its 200-day simple moving average is C$28.79. 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 firm has a market capitalization of C$8.14 billion, a PE ratio of 26.29 and a beta of 1.23. Lundin Gold has a 12-month low of C$14.23 and a 12-month high of C$35.89.
Lundin Gold (TSE:LUG – Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, beating the consensus estimate of C$0.60 by C$0.16. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The business had revenue of C$440.77 million for the quarter.
Insider Activity
In other Lundin Gold news, Director Pablo Mir sold 11,535 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total transaction of C$355,001.16. Insiders own 58.72% of the company’s stock.
Lundin Gold Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.36%. Lundin Gold’s dividend payout ratio (DPR) 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.
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