National Bank Financial Analysts Boost Earnings Estimates for Lundin Gold Inc. (TSE:LUG)

Lundin Gold Inc. (TSE:LUGGet Rating) – Research analysts at National Bank Financial upped their FY2023 EPS estimates for shares of Lundin Gold in a note issued to investors on Tuesday, April 19th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.87 per share for the year, up from their previous forecast of $0.75.

Several other equities research analysts have also recently weighed in on LUG. National Bankshares upped their price target on Lundin Gold from C$12.25 to C$13.50 in a research report on Wednesday. BMO Capital Markets restated a “buy” rating and issued a C$14.00 price objective on shares of Lundin Gold in a research report on Tuesday, January 11th. Scotiabank upped their price objective on shares of Lundin Gold from C$12.00 to C$13.00 in a research report on Tuesday. Cormark decreased their price objective on shares of Lundin Gold from C$14.00 to C$13.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 12th. Finally, TD Securities reduced their price target on shares of Lundin Gold from C$15.50 to C$13.50 in a research report on Wednesday, January 26th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$13.36.

Shares of LUG opened at C$11.53 on Thursday. The business’s 50-day moving average price is C$10.61 and its 200-day moving average price is C$10.32. Lundin Gold has a twelve month low of C$8.82 and a twelve month high of C$12.93. The stock has a market cap of C$2.71 billion and a PE ratio of 9.76. The company has a quick ratio of 1.32, a current ratio of 1.70 and a debt-to-equity ratio of 90.85.

Lundin Gold (TSE:LUGGet Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The company reported C$0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.25 by C$0.17. The company had revenue of C$235.05 million for the quarter.

In other Lundin Gold news, Senior Officer Alessandro Bitelli sold 95,000 shares of the firm’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of C$9.92, for a total transaction of C$942,134.00. Following the completion of the transaction, the insider now owns 175,000 shares of the company’s stock, valued at C$1,735,510. Also, Director Ronald F. Hochstein sold 80,500 shares of the firm’s stock in a transaction on Tuesday, March 8th. The shares were sold at an average price of C$11.17, for a total value of C$899,104.50. Following the transaction, the director now owns 569,600 shares of the company’s stock, valued at C$6,361,862.40. Insiders sold 214,750 shares of company stock valued at $2,258,701 in the last ninety days.

Lundin Gold Company Profile (Get Rating)

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

Earnings History and Estimates for Lundin Gold (TSE:LUG)

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