Analysts Set Expectations for Lundin Gold FY2025 Earnings

Lundin Gold Inc. (TSE:LUG - Free Report) - Investment analysts at National Bank Financial cut their FY2025 earnings per share estimates for shares of Lundin Gold in a research note issued on Wednesday, February 26th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $3.28 per share for the year, down from their prior estimate of $3.60. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share. National Bank Financial also issued estimates for Lundin Gold's FY2026 earnings at $3.12 EPS.

LUG has been the topic of several other reports. Cormark lowered Lundin Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 20th. Scotiabank boosted their price target on Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. Jefferies Financial Group downgraded shares of Lundin Gold from a "buy" rating to a "hold" rating and lowered their price objective for the company from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. Desjardins lifted their price objective on shares of Lundin Gold from C$38.00 to C$42.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, CIBC upped their target price on shares of Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lundin Gold presently has an average rating of "Moderate Buy" and a consensus price target of C$35.18.

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Lundin Gold Stock Performance

Shares of TSE:LUG traded up C$0.10 during midday trading on Monday, hitting C$40.98. 451,769 shares of the company's stock traded hands, compared to its average volume of 379,087. The firm's fifty day moving average price is C$35.99 and its two-hundred day moving average price is C$32.75. Lundin Gold has a twelve month low of C$16.77 and a twelve month high of C$41.74. The company has a market cap of C$7.00 billion, a PE ratio of 23.00 and a beta of 1.23.

Insider Activity

In other Lundin Gold news, Senior Officer Sheila Margaret Colman sold 9,900 shares of Lundin Gold stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$41.74, for a total value of C$413,226.00. Also, Director Pablo Mir sold 11,535 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total transaction of C$355,001.16. In the last 90 days, insiders have sold 115,985 shares of company stock worth $4,681,281. 58.72% of the stock is currently owned by corporate insiders.

Lundin Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Lundin Gold's previous quarterly dividend of $0.20. Lundin Gold's dividend payout ratio is 60.06%.

Lundin Gold Company Profile

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.