Q4 2024 Earnings Estimate for Lundin Gold Inc. Issued By National Bank Financial (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – National Bank Financial decreased their Q4 2024 earnings per share (EPS) estimates for shares of Lundin Gold in a report released on Tuesday, August 13th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of $0.63 for the quarter, down from their previous forecast of $0.75. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.00 per share.

Other analysts also recently issued research reports about the company. Jefferies Financial Group lifted their price target on Lundin Gold from C$24.00 to C$26.00 in a research report on Friday, July 12th. National Bankshares lifted their price target on Lundin Gold from C$30.75 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday. Raymond James lifted their price target on Lundin Gold from C$21.00 to C$25.00 in a research report on Wednesday, July 31st. Desjardins upgraded Lundin Gold to a “moderate buy” rating in a research report on Friday, May 10th. Finally, CIBC lifted their price target on Lundin Gold from C$22.00 to C$25.00 in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$25.73.

Lundin Gold Stock Up 3.8 %

Shares of TSE LUG opened at C$25.97 on Thursday. The company has a market cap of C$6.22 billion, a P/E ratio of 19.80 and a beta of 1.14. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 33.65. The business has a 50-day simple moving average of C$21.77 and a two-hundred day simple moving average of C$19.39. Lundin Gold has a 52 week low of C$14.23 and a 52 week high of C$26.02.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.551 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.49%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, September 10th. Lundin Gold’s dividend payout ratio (DPR) is currently 85.27%.

Insider Activity at Lundin Gold

In other Lundin Gold news, Senior Officer Chester See sold 30,100 shares of Lundin Gold stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$20.27, for a total value of C$610,253.42. 58.83% of the stock is currently owned by insiders.

About Lundin Gold

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.