Lundin Gold (LUG) Scheduled to Post Earnings on Wednesday

Lundin Gold (TSE:LUG) will be releasing 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 for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The company 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%.

Lundin Gold Trading Up 1.8 %

Shares of TSE:LUG opened at C$18.77 on Tuesday. The company has a 50 day moving average of C$18.29 and a 200-day moving average of C$16.82. The firm has a market cap of C$4.48 billion, a P/E ratio of 18.40 and a beta of 1.14. Lundin Gold has a twelve month low of C$14.23 and a twelve month high of C$20.36. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 31.98.

Lundin Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were issued a $0.269 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.73%. Lundin Gold’s payout ratio is currently 52.94%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LUG shares. Canaccord Genuity Group boosted their target price on shares of Lundin Gold from C$22.75 to C$23.25 in a report on Tuesday, April 23rd. National Bankshares boosted their target price on shares of Lundin Gold from C$24.50 to C$24.75 in a report on Friday, April 19th. Cormark boosted their target price on shares of Lundin Gold from C$22.00 to C$23.00 in a report on Friday, April 19th. Raymond James boosted their target price on shares of Lundin Gold from C$17.50 to C$21.00 in a report on Tuesday, April 23rd. Finally, Scotiabank boosted their target price on shares of Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Thursday, March 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$22.25.

Insider Activity

In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of the company’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 value of C$1,673,330.00. 59.03% of the stock is owned by company insiders.

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.