Lundin Gold Inc. (TSE:LUG – Free Report) – Equities research analysts at National Bank Financial issued their Q2 2024 earnings per share estimates for shares of Lundin Gold in a research report issued to clients and investors on Wednesday, May 15th. National Bank Financial analyst D. Demarco anticipates that the company will post earnings of $0.60 per share for the quarter. The consensus estimate for Lundin Gold’s current full-year earnings is $1.65 per share. National Bank Financial also issued estimates for Lundin Gold’s Q3 2024 earnings at $0.64 EPS, Q4 2024 earnings at $0.75 EPS, FY2024 earnings at $2.33 EPS, FY2025 earnings at $2.64 EPS and FY2026 earnings at $2.19 EPS. Lundin Gold (TSE:LUG – Get Free Report) last posted its quarterly earnings data 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 for the quarter. Lundin Gold had a return on equity of 18.30% and a net margin of 19.47%. Several other equities analysts have also commented on LUG. Desjardins upgraded shares of Lundin Gold to a “moderate buy” rating in a research note on Friday, May 10th. Canaccord Genuity Group increased their price objective on Lundin Gold from C$22.75 to C$23.25 in a research report on Tuesday, April 23rd. Scotiabank lifted their target price 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. Veritas Investment Research upped their price objective on Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Finally, Raymond James lifted their price target on shares of Lundin Gold from C$17.50 to C$21.00 in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$22.29. Check Out Our Latest Stock Report on LUG Lundin Gold Stock Up 0.7 % Shares of Lundin Gold stock opened at C$20.07 on Monday. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$20.36. The company has a 50 day moving average of C$18.84 and a 200 day moving average of C$16.98. The company has a market capitalization of C$4.79 billion, a P/E ratio of 19.49 and a beta of 1.14. The company has a quick ratio of 1.41, a current ratio of 3.08 and a debt-to-equity ratio of 33.65. Lundin Gold Cuts Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Monday, June 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Monday, June 10th. Lundin Gold’s payout ratio is 53.40%. Insider Buying and Selling In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$16.73, for a total value of C$1,673,330.00. In related news, Director Ian Gibbs sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$19.90, for a total value of C$597,000.00. Also, Director Ronald F. Hochstein sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. Over the last 90 days, insiders have sold 180,000 shares of company stock worth $3,282,830. 59.01% of the stock is owned by insiders. About Lundin Gold (Get Free Report) 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.