Should I buy or sell Lundin Gold stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lundin Gold in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LUG shares. View LUG analyst ratings or view top-rated stocks .

What is Lundin Gold's stock price target for 2024?

6 equities research analysts have issued 12 month price targets for Lundin Gold's shares. Their LUG share price targets range from C$16.50 to C$21.00. On average, they predict the company's share price to reach C$19.38 in the next year. This suggests a possible upside of 20.3% from the stock's current price. View analysts price targets for LUG or view top-rated stocks among Wall Street analysts .

How have LUG shares performed in 2023?

Lundin Gold's stock was trading at C$13.23 at the start of the year. Since then, LUG shares have increased by 21.8% and is now trading at C$16.11. View the best growth stocks for 2023 here .

When is Lundin Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our LUG earnings forecast .

How were Lundin Gold's earnings last quarter?

Lundin Gold Inc. (TSE:LUG) released its quarterly earnings results on Wednesday, November, 8th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by $0.01. The company had revenue of $283.31 million for the quarter. Lundin Gold had a trailing twelve-month return on equity of 10.69% and a net margin of 10.85%.

How often does Lundin Gold pay dividends? What is the dividend yield for Lundin Gold?

Lundin Gold announced a quarterly dividend on Wednesday, December 6th. Stockholders of record on Friday, December 22nd will be paid a dividend of 0.275 per share on Friday, December 22nd. This represents a $1.10 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend is Wednesday, December 6th. This is a boost from the stock's previous quarterly dividend of C$0.27. Read our dividend analysis for LUG .

Is Lundin Gold a good dividend stock?

Lundin Gold (TSE:LUG) pays an annual dividend of C$0.54 per share and currently has a dividend yield of 3.38%. The dividend payout ratio is 96.43%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for LUG .

What other stocks do shareholders of Lundin Gold own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lundin Gold investors own include Kirkland Lake Gold (KL) , Suncor Energy (SU) , First Majestic Silver (FR) , Barrick Gold (ABX) , Enbridge (ENB) , Vermilion Energy (VET) , B2Gold (BTO) , Canadian Natural Resources (CNQ) , Americas Silver (USA) and Yamana Gold (YRI) .

How do I buy shares of Lundin Gold?

Shares of LUG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Lundin Gold Stock Price, News & Analysis (TSE:LUG)

C$16.11

-0.53 (-3.19%)

(As of 12/8/2023 ET)

Compare

Today's Range: C$15.97
▼
C$16.42
50-Day Range: C$14.74
▼
C$17.97
52-Week Range: C$11.79
▼
C$19.42

Volume: 262,239 shs
Average Volume: 339,798 shs
Market Capitalization: C$3.83 billion

P/E Ratio: 28.77
Dividend Yield: 3.35%
Price Target: C$19.38

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Lundin Gold MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 20.3% Upside
C$19.38 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.18
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.66 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
Lundin Gold has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$19.38, Lundin Gold has a forecasted upside of 20.3% from its current price of C$16.11.
Amount of Analyst Coverage
Lundin Gold has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for LUG.

0.8

Dividend Strength

Dividend Yield
Lundin Gold pays a meaningful dividend of 3.38%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Lundin Gold does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Lundin Gold is 96.43%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LUG.

1.6

News and Social Media Coverage

News Sentiment
Lundin Gold has a news sentiment score of -0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Lundin Gold this week, compared to 1 article on an average week.
Search Interest
3 people have searched for LUG on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Lundin Gold to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lundin Gold insiders have not sold or bought any company stock.
Percentage Held by Insiders
59.41% of the stock of Lundin Gold is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 26.83% of the stock of Lundin Gold is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Lundin Gold is 28.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.24.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lundin Gold is 28.77, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 91.20.
Price to Book Value per Share Ratio
Lundin Gold has a P/B Ratio of 4.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Lundin Gold Stock (TSE:LUG)

Lundin Gold Inc. operates as a mining company in Canada. The company holds interests in metallic mineral concessions and 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 concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador. The company was formerly known as Fortress Minerals Corp. and changed its name to Lundin Gold Inc. in December 2014. Lundin Gold Inc. was incorporated in 1986 and is headquartered in Vancouver, Canada.

LUG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LUG Stock News Headlines

December 9, 2023 | americanbankingnews.com

FY2024 EPS Estimates for Lundin Gold Inc. (TSE:LUG) Cut by Cormark

December 8, 2023 | americanbankingnews.com

Lundin Gold (TSE:LUG) Given New C$20.00 Price Target at BMO Capital Markets

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December 7, 2023 | americanbankingnews.com

Lundin Gold (TSE:LUG) Price Target Increased to C$20.00 by Analysts at Cormark

December 5, 2023 | americanbankingnews.com

Lundin Gold Inc. (TSE:LUG) Given Average Recommendation of "Moderate Buy" by Brokerages

December 1, 2023 | americanbankingnews.com

Lundin Gold (TSE:LUG) Shares Cross Above Fifty Day Moving Average of $16.06

November 30, 2023 | finance.yahoo.com

The 7.7% return this week takes Lundin Gold's (TSE:LUG) shareholders five-year gains to 263%

November 14, 2023 | finance.yahoo.com

LUNDIN GOLD REPAYS IN FULL ITS SENIOR DEBT FACILITY

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November 9, 2023 | juniorminingnetwork.com

Lundin Gold Reports Third Quarter 2023 Results and Elects to Fully Repay Senior Debt Facility

November 8, 2023 | finance.yahoo.com

LUNDIN GOLD REPORTS THIRD QUARTER 2023 RESULTS AND ELECTS TO FULLY REPAY ITS SENIOR DEBT FACILITY

November 4, 2023 | morningstar.com

Lundin Gold Inc LUG

October 26, 2023 | finance.yahoo.com

LUNDIN GOLD TO RELEASE 2023 THIRD QUARTER RESULTS NOVEMBER 8, 2023

October 25, 2023 | theglobeandmail.com

Closing Bell: Lundin Gold Inc down on Tuesday (LUG)

October 13, 2023 | theglobeandmail.com

Closing Bell: Lundin Gold Inc down on Thursday (LUG)

October 12, 2023 | juniorminingnetwork.com

Lundin Gold Reports Production of 112,212 Ounces of Gold in Third Quarter of 2023

October 12, 2023 | finance.yahoo.com

/C O R R E C T I O N -- Lundin Gold Inc./

September 7, 2023 | juniorminingnetwork.com

Lundin Gold Expands 2023 Near-Mine Exploration Program

September 7, 2023 | finance.yahoo.com

LUNDIN GOLD EXPANDS ITS 2023 NEAR-MINE EXPLORATION PROGRAM

August 9, 2023 | finance.yahoo.com

LUNDIN GOLD REPORTS SECOND QUARTER 2023 RESULTS AND UPDATES 2023 GUIDANCE

July 26, 2023 | finance.yahoo.com

LUNDIN GOLD TO RELEASE 2023 SECOND QUARTER RESULTS AUGUST 9, 2023

July 6, 2023 | finance.yahoo.com

LUNDIN GOLD REPORTS PRODUCTION OF 129,731 OUNCES OF GOLD IN THE SECOND QUARTER OF 2023

June 7, 2023 | seekingalpha.com

LUG:CA Lundin Gold Inc.

May 24, 2023 | finance.yahoo.com

LUNDIN GOLD TO HOST INVESTOR DAY ON JUNE 7, 2023

May 5, 2023 | finance.yahoo.com

LUNDIN GOLD TO RELEASE 2023 FIRST QUARTER RESULTS MAY 10, 2023

April 25, 2023 | theglobeandmail.com

Closing Bell: Lundin Gold Inc up on Monday (LUG)

April 19, 2023 | theglobeandmail.com

Closing Bell: Lundin Gold Inc down on Wednesday (LUG)

See More Headlines

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Company Calendar

Ex-Dividend for 9/26 Dividend: 9/08/2023
Dividend Payable: 9/26/2023
Last Earnings: 11/08/2023
Ex-Dividend for 12/22 Dividend: 12/06/2023
Today: 12/09/2023
Dividend Payable: 12/22/2023
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Gold
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:LUG
CUSIP: N/A
CIK: N/A
Web: www.lundingold.com
Phone: 604-689-7842
Fax: N/A
Employees: 1,645
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$19.38
High Stock Price Target: C$21.00
Low Stock Price Target: C$16.50
Potential Upside/Downside: +20.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.56
Trailing P/E Ratio: 28.77
Forward P/E Ratio: 11.79
P/E Growth: N/A
Net Income: C$100.14 million
Net Margins: 10.85%
Pretax Margin: N/A
Return on Equity: 10.69%
Return on Assets: 16.17%

Debt

Debt-to-Equity Ratio: 37.89
Current Ratio: 2.23
Quick Ratio: 1.41

Sales & Book Value

Annual Sales: C$922.79 million
Price / Sales: 4.15
Cash Flow: C$1.49 per share
Price / Cash Flow: 10.81
Book Value: C$4.01 per share
Price / Book: 4.02

Miscellaneous

Outstanding Shares: 237,600,000
Free Float: N/A
Market Cap: C$3.83 billion
Optionable: Not Optionable
Beta: 1.09

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Key Executives

Mr. Ronald F. Hochstein B.Sc. (Age 62)
MBA, P.Eng., President, CEO & Director
Comp: $1.87M
Ms. Sheila Margaret Colman L.L.B.
Vice President of Legal & Sustainability and Corporate Secretary
Mr. Christopher Kololian
Chief Financial Officer
Mr. Terrence F. D. Smith P.Eng. (Age 46)
Chief Operating Officer
Finlay Heppenstall
Director of Investor Relations
Mr. Chester See
Senior Vice President of Finance
Mr. Andre Oliveira P.Geo.
Vice President of Exploration

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

LUG Stock Analysis - Frequently Asked Questions

Should I buy or sell Lundin Gold stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lundin Gold in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LUG shares.
View LUG analyst ratings or view top-rated stocks.
What is Lundin Gold's stock price target for 2024?: 6 equities research analysts have issued 12 month price targets for Lundin Gold's shares. Their LUG share price targets range from C$16.50 to C$21.00. On average, they predict the company's share price to reach C$19.38 in the next year. This suggests a possible upside of 20.3% from the stock's current price.
View analysts price targets for LUG or view top-rated stocks among Wall Street analysts.
How have LUG shares performed in 2023?: Lundin Gold's stock was trading at C$13.23 at the start of the year. Since then, LUG shares have increased by 21.8% and is now trading at C$16.11.
View the best growth stocks for 2023 here.
When is Lundin Gold's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our LUG earnings forecast.
How were Lundin Gold's earnings last quarter?: Lundin Gold Inc. (TSE:LUG) released its quarterly earnings results on Wednesday, November, 8th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by $0.01. The company had revenue of $283.31 million for the quarter. Lundin Gold had a trailing twelve-month return on equity of 10.69% and a net margin of 10.85%.

How often does Lundin Gold pay dividends? What is the dividend yield for Lundin Gold?: Lundin Gold announced a quarterly dividend on Wednesday, December 6th. Stockholders of record on Friday, December 22nd will be paid a dividend of 0.275 per share on Friday, December 22nd. This represents a $1.10 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend is Wednesday, December 6th. This is a boost from the stock's previous quarterly dividend of C$0.27.
Read our dividend analysis for LUG.
Is Lundin Gold a good dividend stock?: Lundin Gold (TSE:LUG) pays an annual dividend of C$0.54 per share and currently has a dividend yield of 3.38%. The dividend payout ratio is 96.43%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for LUG.
What other stocks do shareholders of Lundin Gold own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Lundin Gold investors own include Kirkland Lake Gold (KL), Suncor Energy (SU), First Majestic Silver (FR), Barrick Gold (ABX), Enbridge (ENB), Vermilion Energy (VET), B2Gold (BTO), Canadian Natural Resources (CNQ), Americas Silver (USA) and Yamana Gold (YRI).
How do I buy shares of Lundin Gold?: Shares of LUG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:LUG) was last updated on 12/10/2023 by MarketBeat.com Staff

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Lundin Gold Stock Price, News & Analysis (TSE:LUG)

Lundin Gold MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Lundin Gold Stock (TSE:LUG)

LUG Stock Price History

LUG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

LUG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™