Lundin Gold (LUG) Set to Announce Earnings on Wednesday

Lundin Gold (TSE:LUG) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Lundin Gold to post earnings of C$0.34 per share for the quarter.

Lundin Gold (TSE:LUG) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. The business had revenue of C$259.63 million for the quarter.

Lundin Gold Stock Performance

TSE:LUG opened at C$18.71 on Wednesday. Lundin Gold has a 1 year low of C$14.23 and a 1 year high of C$20.36. The firm’s fifty day simple moving average is C$18.06 and its 200 day simple moving average is C$16.79. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 31.98. The firm has a market capitalization of C$4.47 billion, a PE ratio of 18.34 and a beta of 1.14.

Lundin Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a $0.269 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 5.75%. Lundin Gold’s payout ratio is presently 52.94%.

Insider Transactions at Lundin Gold

In other news, Director Ronald F. Hochstein sold 100,000 shares of the firm’s stock in a transaction dated 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. 59.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on LUG. National Bankshares raised their target price on shares of Lundin Gold from C$24.50 to C$24.75 in a research note on Friday, April 19th. Raymond James raised their target price on shares of Lundin Gold from C$17.50 to C$21.00 in a research note on Tuesday, April 23rd. Cormark raised their target price on shares of Lundin Gold from C$22.00 to C$23.00 in a research note on Friday, April 19th. Scotiabank increased their price target on shares of Lundin Gold from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a report on Thursday, March 28th. Finally, Jefferies Financial Group increased their price target on shares of Lundin Gold from C$19.00 to C$23.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Lundin Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$22.25.

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.