Desjardins Has Positive View of Lundin Gold FY2025 Earnings

Lundin Gold Inc. (TSE:LUG - Free Report) - Equities researchers at Desjardins increased their FY2025 earnings per share (EPS) estimates for shares of Lundin Gold in a report released on Wednesday, January 8th. Desjardins analyst A. Carson now expects that the company will post earnings per share of $2.95 for the year, up from their prior forecast of $2.61. Desjardins has a "Moderate Buy" rating on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group downgraded shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on Lundin Gold from C$27.00 to C$31.00 in a report on Friday, December 6th. Jefferies Financial Group lowered Lundin Gold from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$37.00 to C$36.00 in a report on Wednesday, December 11th. TD Securities boosted their price target on Lundin Gold from C$27.00 to C$38.00 in a report on Friday, October 18th. Finally, BMO Capital Markets cut shares of Lundin Gold from an "outperform" rating to a "market perform" rating in a research note on Tuesday, December 10th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$33.15.

Lundin Gold Stock Performance

Shares of TSE LUG opened at C$33.84 on Monday. The stock has a market cap of C$8.12 billion, a price-to-earnings ratio of 26.23 and a beta of 1.23. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$35.89. The company has a 50 day simple moving average of C$32.01 and a two-hundred day simple moving average of C$28.73. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28.

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

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.36%. Lundin Gold's dividend payout ratio (DPR) is 82.95%.

Insider Transactions at Lundin Gold

In related news, Director Pablo Mir sold 11,535 shares of the business's stock in a transaction that occurred 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. Corporate insiders own 58.72% of the company's stock.

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.