FY2025 Earnings Forecast for Lundin Gold Issued By Cormark

Lundin Gold Inc. (TSE:LUG - Free Report) - Investment analysts at Cormark dropped their FY2025 EPS estimates for shares of Lundin Gold in a report released on Wednesday, December 11th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $2.42 for the year, down from their previous estimate of $2.51. Cormark has a "Hold" rating and a $32.00 price objective on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share. Cormark also issued estimates for Lundin Gold's FY2026 earnings at $2.08 EPS and FY2027 earnings at $2.08 EPS.

Several other equities research analysts have also recently commented on the stock. Raymond James cut shares of Lundin Gold from an "outperform" rating to a "market perform" rating and lifted their price target for the stock from C$25.00 to C$29.00 in a research report on Monday, September 23rd. Canaccord Genuity Group cut shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. CIBC raised their price target on Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Jefferies Financial Group cut Lundin Gold from a "buy" rating to a "hold" rating and decreased their price objective for the stock from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. Finally, Desjardins raised Lundin Gold to a "moderate buy" rating in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$32.55.

Lundin Gold Trading Up 1.1 %

TSE:LUG traded up C$0.33 on Monday, hitting C$31.71. 292,793 shares of the stock were exchanged, compared to its average volume of 281,159. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. Lundin Gold has a 52 week low of C$14.23 and a 52 week high of C$35.89. The stock has a market capitalization of C$7.61 billion, a price-to-earnings ratio of 24.58 and a beta of 1.23. The company's 50-day moving average price is C$32.82 and its 200 day moving average price is C$27.23.

Lundin Gold (TSE:LUG - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 earnings per share for the quarter, topping the consensus estimate of C$0.60 by C$0.16. The firm had revenue of C$440.77 million during the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%.

Lundin Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. Lundin Gold's dividend payout ratio is presently 82.95%.

Insider Buying and Selling

In other Lundin Gold news, Senior Officer Terrence Smith sold 25,740 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$29.52, for a total value of C$759,826.78. Also, Senior Officer Chester See sold 14,900 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. In the last three months, insiders sold 56,840 shares of company stock valued at $1,686,209. 58.72% of the stock is owned by corporate insiders.

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.