Lundin Gold (LUG) Set to Announce Quarterly Earnings on Wednesday

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

Lundin Gold Price Performance

Shares of LUG stock opened at C$18.44 on Monday. The business has a fifty day simple moving average of C$18.23 and a 200 day simple moving average of C$16.82. The company has a market cap of C$4.40 billion, a P/E ratio of 18.08 and a beta of 1.14. The company has a quick ratio of 1.41, a current ratio of 2.86 and a debt-to-equity ratio of 31.98. Lundin Gold has a twelve month low of C$14.23 and a twelve month high of C$20.36.

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were issued 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 dividend yield of 5.84%. Lundin Gold’s dividend payout ratio (DPR) is currently 52.94%.

Insider Transactions at Lundin Gold

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Cormark upped their price objective on shares of Lundin Gold from C$22.00 to C$23.00 in a research report on Friday, April 19th. Raymond James increased their price target on Lundin Gold from C$17.50 to C$21.00 in a research note on Tuesday, April 23rd. Scotiabank boosted their price objective on Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 28th. Veritas Investment Research upped their target price on Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Finally, Jefferies Financial Group boosted their price target on Lundin Gold from C$19.00 to C$23.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.25.

Lundin Gold Company Profile

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.