Lundin Gold Inc. (TSE:LUG – Get Rating) – Equities research analysts at Cormark raised their FY2022 earnings estimates for Lundin Gold in a research report issued on Friday, October 7th. Cormark analyst N. Dion now forecasts that the company will post earnings of $0.75 per share for the year, up from their prior estimate of $0.67. The consensus estimate for Lundin Gold’s current full-year earnings is $0.86 per share. Cormark also issued estimates for Lundin Gold’s FY2023 earnings at $0.49 EPS.
A number of other brokerages have also issued reports on LUG. TD Securities lifted their price target on shares of Lundin Gold from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. National Bankshares lifted their price objective on shares of Lundin Gold from C$10.50 to C$11.50 and gave the stock a “sector perform” rating in a report on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$13.03.
Lundin Gold Stock Down 0.7 %
Shares of TSE:LUG opened at C$10.19 on Monday. The company has a current ratio of 1.81, a quick ratio of 1.41 and a debt-to-equity ratio of 70.94. The company has a fifty day simple moving average of C$9.30 and a 200 day simple moving average of C$9.76. The firm has a market cap of C$2.40 billion and a PE ratio of 10.19. Lundin Gold has a 12-month low of C$7.80 and a 12-month high of C$12.73.
Lundin Gold (TSE:LUG – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.07). The company had revenue of C$226.95 million for the quarter.
Insider Activity
In other news, insider Lorito Holdings S.à.r.l. purchased 181,000 shares of Lundin Gold stock in a transaction dated Wednesday, August 31st. The stock was bought at an average price of C$8.79 per share, with a total value of C$1,590,935.70. Following the completion of the acquisition, the insider now owns 181,000 shares in the company, valued at approximately C$1,590,935.70. In other news, insider Lorito Holdings S.à.r.l. purchased 181,000 shares of Lundin Gold stock in a transaction dated Wednesday, August 31st. The stock was bought at an average price of C$8.79 per share, with a total value of C$1,590,935.70. Following the completion of the acquisition, the insider now owns 181,000 shares in the company, valued at approximately C$1,590,935.70. Also, Director Ronald F. Hochstein acquired 16,235 shares of Lundin Gold stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average cost of C$9.60 per share, with a total value of C$155,856.00. Following the acquisition, the director now directly owns 585,835 shares of the company’s stock, valued at C$5,624,016. Over the last quarter, insiders bought 479,935 shares of company stock valued at $4,226,837.
Lundin Gold Dividend Announcement
The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, September 13th. Stockholders of record on Wednesday, August 24th were issued a dividend of $0.256 per share. This represents a dividend yield of 2.74%. The ex-dividend date was Tuesday, August 23rd. Lundin Gold’s dividend payout ratio (DPR) is 52.00%.
Lundin Gold Company Profile
Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 hectares located in Southeast Ecuador. It primary holds interests in the Fruta del Norte gold project comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.
See Also
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Read More:FY2022 Earnings Estimate for Lundin Gold Inc. (TSE:LUG) Issued By Cormark
2022-10-10 05:29:24