Lundin Gold Inc. (TSE:LUG – Free Report) – Equities researchers at Desjardins issued their Q1 2024 earnings per share estimates for Lundin Gold in a report released on Tuesday, April 23rd. Desjardins analyst J. Egilo forecasts that the company will post earnings of $0.30 per share for the quarter. The consensus estimate for Lundin Gold’s current full-year earnings is $1.36 per share.
Lundin Gold (TSE:LUG – Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The firm had revenue of C$259.63 million during the quarter. Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%.
Read Our Latest Analysis on Lundin Gold
Lundin Gold Stock Performance
LUG opened at C$18.87 on Thursday. The company has a market capitalization of C$4.49 billion, a price-to-earnings ratio of 18.57 and a beta of 1.10. The company has a debt-to-equity ratio of 31.98, a current ratio of 2.86 and a quick ratio of 1.41. Lundin Gold has a 1-year low of C$14.23 and a 1-year high of C$20.36. The business has a 50 day moving average price of C$17.70 and a two-hundred day moving average price of C$16.66.
Lundin Gold Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were issued a dividend of $0.269 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend was Thursday, March 7th. Lundin Gold’s dividend payout ratio is currently 52.94%.
Insider Activity
In other news, Director Ronald F. Hochstein sold 100,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. 59.46% of the stock is currently owned by corporate insiders.
About Lundin Gold
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.
Recommended Stories
- Five stocks we like better than Lundin Gold
- NYSE Stocks Give Investors a Variety of Quality Options
- Simpson Manufacturing: Buy This Future Dividend King While Down
- Bank Stocks – Best Bank Stocks to Invest In
- Is Boeing Stock About to Soar Higher?
- What Are Dividend Achievers? An Introduction
- High-Yield Texas Instruments Could Hit New Highs Soon
Receive News & Ratings for Lundin Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Gold and related companies with MarketBeat.com's FREE daily email newsletter.