FY2021 Earnings Estimate for Lundin Gold Inc Issued By Cormark (TSE:LUG)

Lundin Gold Inc (TSE:LUG) – Equities research analysts at Cormark reduced their FY2021 earnings per share (EPS) estimates for Lundin Gold in a research note issued to investors on Tuesday, July 7th. Cormark analyst N. Dion now anticipates that the company will earn $0.94 per share for the year, down from their previous forecast of $0.95.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, May 7th. The company reported C($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.13). The business had revenue of C$49.48 million for the quarter.

Several other research analysts have also commented on LUG. BMO Capital Markets dropped their price target on shares of Lundin Gold from C$14.00 to C$13.50 in a research note on Wednesday, April 1st. CIBC upped their price objective on shares of Lundin Gold from C$14.00 to C$15.00 in a report on Tuesday. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Lundin Gold in a report on Monday, March 23rd. Scotiabank increased their price target on shares of Lundin Gold from C$9.00 to C$11.00 in a report on Thursday, April 30th. Finally, National Bank Financial increased their price target on shares of Lundin Gold from C$13.50 to C$13.75 and gave the company an “outperform” rating in a report on Friday, May 8th.

Lundin Gold stock opened at C$12.90 on Wednesday. The firm’s 50 day moving average price is C$12.08 and its two-hundred day moving average price is C$10.24. Lundin Gold has a twelve month low of C$5.82 and a twelve month high of C$13.49. The firm has a market cap of $2.87 billion and a PE ratio of -23.89. The company has a debt-to-equity ratio of 151.02, a quick ratio of 0.81 and a current ratio of 1.24.

About Lundin Gold

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 30 mining concessions covering an area of approximately 64,406 hectares located in Southeast Ecuador. It primarily focuses on advancing the Fruta del Norte gold project that comprises 6 concessions covering an area of approximately 5,039 hectares located near the city of Loja in Ecuador.

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Earnings History and Estimates for Lundin Gold (TSE:LUG)

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