Lundin Gold Inc. (TSE:LUG – Get Rating) – Research analysts at National Bank Financial dropped their FY2023 earnings per share estimates for shares of Lundin Gold in a research note issued to investors on Wednesday, August 10th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.67 per share for the year, down from their prior estimate of $0.82. The consensus estimate for Lundin Gold’s current full-year earnings is $0.89 per share.
A number of other equities research analysts have also weighed in on the company. Scotiabank boosted their target price on Lundin Gold from C$12.00 to C$13.00 in a research note on Tuesday, April 19th. TD Securities upped their price target on Lundin Gold from C$13.50 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. National Bankshares upped their price target on Lundin Gold from C$10.50 to C$11.50 and gave the company a “sector perform” rating in a research report on Thursday, August 11th. Finally, Cormark upped their price target on Lundin Gold from C$12.00 to C$12.50 in a research report on Thursday, August 11th. Four analysts have rated the stock with a hold rating and four have given 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$13.03.
Lundin Gold Trading Up 2.4 %
Lundin Gold Announces Dividend
The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 13th. Investors of record on Wednesday, August 24th will be paid a $0.256 dividend. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a dividend yield of 2.74%.
About Lundin Gold
Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 hectares located in Southeast Ecuador. It primary holds interests in the Fruta del Norte gold project comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.
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