Lundin Gold Inc.

Lundin Gold Inc.verified

LUG.TO

Price:

$28.52

Market Cap:

$5.02B

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. 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.[Read more]

Industry

Gold

IPO Date

1996-08-08

Stock Exchange

TSX

Ticker

LUG.TO

The Current Ratio as of September 2024 (TTM) for Lundin Gold Inc. (LUG.TO) is 1.97

According to Lundin Gold Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.97. This represents a change of -22.16% compared to the average of 2.54 of the last 4 quarters.

Lundin Gold Inc. (LUG.TO) Historical Current Ratio (quarterly & annually)

How has LUG.TO Current Ratio performed in the past?

The mean historical Current Ratio of Lundin Gold Inc. over the last ten years is 3.28. The current 1.97 Current Ratio has changed 5.92% with respect to the historical average. Over the past ten years (40 quarters), LUG.TO's Current Ratio was at its highest in in the September 2014 quarter at 38.52. The Current Ratio was at its lowest in in the March 2017 quarter at 0.33.

Quarterly (TTM)
Annual

Average

3.28

Median

1.99

Minimum

1.12

Maximum

12.64

Lundin Gold Inc. (LUG.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Lundin Gold Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 102.61%

Maximum Annual Current Ratio = 12.64

Minimum Annual Increase = -95.86%

Minimum Annual Current Ratio = 1.12

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.8597.93%
20221.44-15.08%
20211.7036.58%
20201.24-2.99%
20191.28-70.49%
20184.3490.61%
20172.28102.61%
20161.12-71.05%
20153.89-69.25%
201412.64-95.86%

Lundin Gold Inc. (LUG.TO) Average Current Ratio

How has LUG.TO Current Ratio performed in the past?

The current Current Ratio of Lundin Gold Inc. (LUG.TO) is less than than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

2.00

5-year avg

1.70

10-year avg

3.28

Lundin Gold Inc. (LUG.TO) Current Ratio vs. Peers

How is LUG.TO’s Current Ratio compared to its peers?

Lundin Gold Inc.’s Current Ratio is less than Osisko Gold Royalties Ltd (4.92), less than Dundee Precious Metals Inc. (7.10), less than SSR Mining Inc. (3.54), less than Sandstorm Gold Ltd. (1.99), greater than Endeavour Mining plc (1.19),

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