National Bank Financial Comments on Lundin Gold Q4 Earnings

Lundin Gold Inc. (TSE:LUG) – Investment analysts at National Bank Financial raised their Q4 2024 earnings estimates for Lundin Gold in a research note issued on Tuesday, November 12th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $0.85 per share for the quarter, up from their previous estimate 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.

Other equities analysts have also recently issued research reports about the stock. Desjardins raised shares of Lundin Gold to a “moderate buy” rating in a research note on Thursday, October 31st. TD Securities increased their target price on Lundin Gold from C$27.00 to C$38.00 in a research note on Friday, October 18th. CIBC upped their price objective on Lundin Gold from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Jefferies Financial Group increased their price objective on Lundin Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada boosted their target price on Lundin Gold from C$25.00 to C$27.00 in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$29.42.

Lundin Gold Stock Performance

Shares of LUG opened at C$29.89 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28. The stock has a 50-day moving average price of C$31.05 and a 200-day moving average price of C$25.11. The company has a market cap of C$7.17 billion, a PE ratio of 23.17 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) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, beating 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 net margin of 24.30% and a return on equity of 22.88%.

Lundin Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, December 5th. Lundin Gold’s payout ratio is currently 82.95%.

Insiders Place Their Bets

In related news, Senior Officer Chester See sold 14,900 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. Also, Senior Officer Sheila Margaret Colman sold 16,000 shares of Lundin Gold stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$28.74, for a total value of C$459,913.60. Over the last quarter, insiders have sold 72,840 shares of company stock worth $2,146,122. 58.72% of the stock is currently owned by company insiders.

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.