Q1 2022 Earnings Forecast for Lundin Gold Inc. Issued By Cormark (TSE:LUG)

Lundin Gold Inc. (TSE:LUGGet Rating) – Research analysts at Cormark issued their Q1 2022 earnings per share (EPS) estimates for shares of Lundin Gold in a research report issued on Monday, April 25th. Cormark analyst N. Dion forecasts that the company will post earnings of $0.39 per share for the quarter. Cormark currently has a “Neutral” rating and a $13.00 target price on the stock.

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

Other research analysts also recently issued reports about the stock. National Bankshares boosted their target price on shares of Lundin Gold from C$12.25 to C$13.50 in a research report on Wednesday, April 20th. Scotiabank boosted their target price on shares of Lundin Gold from C$12.00 to C$13.00 in a research report on Tuesday, April 19th. BMO Capital Markets restated a “buy” rating and set a C$14.00 target price on shares of Lundin Gold in a research report on Tuesday, January 11th. Finally, TD Securities cut their price objective on shares of Lundin Gold from C$15.50 to C$13.50 in a report on Wednesday, January 26th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$13.36.

TSE LUG opened at C$10.49 on Tuesday. The company has a market capitalization of C$2.46 billion and a PE ratio of 8.86. The company has a fifty day moving average of C$10.66 and a 200 day moving average of C$10.34. Lundin Gold has a 1 year low of C$8.82 and a 1 year high of C$12.93. The company has a debt-to-equity ratio of 90.85, a current ratio of 1.70 and a quick ratio of 1.32.

In other news, Director Ian Gibbs sold 23,000 shares of the business’s stock in a transaction dated Friday, March 11th. The shares were sold at an average price of C$11.05, for a total transaction of C$254,150.00. Following the completion of the sale, the director now owns 82,700 shares of the company’s stock, valued at C$913,835. Also, Director Ronald F. Hochstein sold 80,500 shares of the business’s stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of C$11.17, for a total transaction of C$899,104.50. Following the sale, the director now directly owns 569,600 shares of the company’s stock, valued at approximately C$6,361,862.40. Insiders have sold 214,750 shares of company stock valued at $2,258,701 in the last three months.

About Lundin Gold (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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