Cormark Comments on Lundin Gold's FY2025 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG - Free Report) - Stock analysts at Cormark boosted their FY2025 earnings per share (EPS) estimates for shares of Lundin Gold in a report released on Monday, April 14th. Cormark analyst N. Dion now expects that the company will post earnings per share of $2.80 for the year, up from their prior forecast of $2.39. Cormark currently has a "Buy" rating and a $54.00 target price on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

LUG has been the topic of several other reports. CIBC upped their price target on shares of Lundin Gold from C$44.00 to C$46.00 in a report on Thursday. Cibc World Mkts downgraded Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. Desjardins raised their price objective on shares of Lundin Gold from C$38.00 to C$42.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Scotiabank increased their price target on shares of Lundin Gold from C$30.00 to C$31.50 in a report on Wednesday, January 15th. Finally, TD Securities upped their price objective on shares of Lundin Gold from C$46.00 to C$58.00 in a research report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lundin Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of C$42.20.

Lundin Gold Stock Up 0.2 %

Shares of Lundin Gold stock traded up C$0.12 on Wednesday, reaching C$58.24. 277,932 shares of the stock were exchanged, compared to its average volume of 446,395. Lundin Gold has a twelve month low of C$18.14 and a twelve month high of C$60.31. The business has a 50 day moving average price of C$43.49 and a two-hundred day moving average price of C$36.84. The firm has a market capitalization of C$9.94 billion, a price-to-earnings ratio of 32.69 and a beta of 1.23.

Lundin Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th were paid a $0.43 dividend. This is an increase from Lundin Gold's previous quarterly dividend of $0.20. This represents a $1.72 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Tuesday, March 11th. Lundin Gold's dividend payout ratio (DPR) is currently 60.06%.

Insider Transactions at Lundin Gold

In related news, Senior Officer Chester See sold 5,800 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of C$40.92, for a total transaction of C$237,321.50. Also, Senior Officer Sheila Margaret Colman sold 14,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$40.40, for a total transaction of C$585,824.65. Insiders have sold a total of 133,150 shares of company stock worth $5,499,984 in the last ninety days. Insiders own 58.72% of the company's stock.

Lundin Gold Company Profile

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.