Equities Analysts Set Expectations for Lundin Gold Inc.’s Q2 2022 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG – Get Rating) – Research analysts at Cormark issued their Q2 2022 earnings per share estimates for shares of Lundin Gold in a report issued on Tuesday, July 26th. Cormark analyst N. Dion forecasts that the company will earn $0.23 per share for the quarter. The consensus estimate for Lundin Gold’s current full-year earnings is $0.91 per share.

Other analysts have also recently issued reports about the company. National Bankshares lowered their target price on Lundin Gold from C$14.00 to C$10.50 and set a “sector perform” rating for the company in a research note on Thursday, July 21st. TD Securities lowered their target price on Lundin Gold from C$15.00 to C$13.50 in a research note on Thursday, July 21st. Finally, Scotiabank raised their price target on shares of Lundin Gold from C$12.00 to C$13.00 in a research note on Tuesday, April 19th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$12.91.

Lundin Gold Price Performance

TSE LUG opened at C$8.55 on Friday. The business has a 50 day simple moving average of C$9.53 and a 200 day simple moving average of C$10.01. Lundin Gold has a 52-week low of C$7.80 and a 52-week high of C$12.73. The company has a debt-to-equity ratio of 88.93, a quick ratio of 1.46 and a current ratio of 1.80. The stock has a market cap of C$2.01 billion and a price-to-earnings ratio of 9.61.

Lundin Gold (TSE:LUG – Get Rating) last posted its earnings results on Tuesday, May 3rd. The company reported C$0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.31 by C$0.01. The business had revenue of C$274.21 million for the quarter.

Lundin Gold Company Profile

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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.