National Bank Financial Estimates Lundin Gold Q4 Earnings

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at National Bank Financial lifted their Q4 2024 earnings per share estimates for shares of Lundin Gold in a report released on Tuesday, November 12th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.85 per share for the quarter, up from their prior 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) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, topping analysts’ consensus estimates of C$0.60 by C$0.16. The firm had revenue of C$440.77 million during the quarter. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%.

Other analysts have also issued research reports about the company. Desjardins upgraded Lundin Gold to a “moderate buy” rating in a report on Thursday, October 31st. Canaccord Genuity Group lowered Lundin Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Jefferies Financial Group upped their price objective on Lundin Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a report on Thursday, October 17th. National Bankshares upped 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. Finally, TD Securities upped their price objective on Lundin Gold from C$27.00 to C$38.00 in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lundin Gold currently has an average rating of “Moderate Buy” and a consensus price target of C$29.42.

Lundin Gold Price Performance

Shares of LUG opened at C$30.05 on Friday. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$35.89. The stock has a fifty day moving average price of C$31.19 and a 200 day moving average price of C$25.18. The company has a market cap of C$7.21 billion, a P/E ratio of 23.29 and a beta of 1.23.

Lundin Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, December 5th. Lundin Gold’s payout ratio is currently 82.95%.

Insiders Place Their Bets

In related news, Director Ronald F. Hochstein sold 16,200 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$29.50, for a total transaction of C$477,891.90. 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 value of C$459,913.60. Insiders have sold a total of 72,840 shares of company stock valued at $2,146,122 in the last three months. Insiders own 58.72% of the company’s stock.

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.