Desjardins Comments on Lundin Gold Inc.’s FY2023 Earnings (TSE:LUG) – MarketBeat
Lundin Gold Inc. (TSE:LUG – Get Rating) – Desjardins increased their FY2023 earnings per share estimates for Lundin Gold in a report released on Sunday, February 27th. Desjardins analyst J. Egilo now forecasts that the company will post earnings of $0.42 per share for the year, up from their prior forecast of $0.31. Desjardins currently has a “Buy” rating and a $11.75 target price on the stock. Desjardins also issued estimates for Lundin Gold’s FY2025 earnings at $0.41 EPS.
LUG has been the topic of a number of other research reports. CIBC dropped their price objective on shares of Lundin Gold from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Thursday, December 16th. Scotiabank lowered shares of Lundin Gold from an “outperform” rating to a “hold” rating and set a C$12.00 price objective on the stock. in a research note on Friday, January 21st. National Bank Financial dropped their price objective on shares of Lundin Gold to C$13.50 and set a “sector perform” rating on the stock in a research note on Thursday, December 16th. National Bankshares raised their price target on shares of Lundin Gold from C$11.75 to C$12.25 and gave the stock a “sector perform” rating in a research report on Monday. Finally, Cormark decreased their price target on shares of Lundin Gold from C$14.00 to C$13.00 and set a “neutral” rating for the company in a research report on Wednesday, January 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$13.11.
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TSE LUG opened at C$10.22 on Tuesday. Lundin Gold has a one year low of C$8.82 and a one year high of C$12.93. The company’s 50 day moving average price is C$9.74 and its 200 day moving average price is C$10.37. The company has a debt-to-equity ratio of 95.43, a quick ratio of 1.10 and a current ratio of 1.42. The firm has a market capitalization of C$2.38 billion and a price-to-earnings ratio of 9.81.
In related news, Senior Officer Sheila Margaret Colman sold 16,250 shares of Lundin Gold stock in a transaction dated Monday, February 28th. The shares were sold at an average price of C$10.05, for a total transaction of C$163,312.50. Following the sale, the insider now directly owns 28,645 shares in the company, valued at C$287,882.25. Also, Senior Officer Alessandro Bitelli sold 95,000 shares of Lundin Gold stock in a transaction dated Friday, February 25th. The shares were sold at an average price of C$9.92, for a total transaction of C$942,134.00. Following the sale, the insider now owns 175,000 shares in the company, valued at C$1,735,510.
Lundin Gold Company Profile (Get Rating)
Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 29 metallic mineral concessions and three materials concessions covering an area of approximately 64,609 hectares located in Southeast Ecuador. It primary holds interests in the Fruta del Norte gold project that comprises seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.
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