FY2025 EPS Estimates for Lundin Gold Reduced by Scotiabank

Lundin Gold Inc. (TSE:LUG - Free Report) - Analysts at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for shares of Lundin Gold in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $1.73 per share for the year, down from their prior forecast of $1.74. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share. Scotiabank also issued estimates for Lundin Gold's FY2026 earnings at $2.03 EPS.

Other equities analysts also recently issued reports about the company. Cormark downgraded Lundin Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 20th. TD Securities boosted their price target on Lundin Gold from C$40.00 to C$46.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Desjardins raised their price target on Lundin Gold from C$38.00 to C$42.00 and gave the company a "buy" rating in a report on Thursday, February 13th. CIBC cut shares of Lundin Gold from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from C$41.00 to C$44.00 in a research note on Thursday, March 20th. Finally, BMO Capital Markets lowered shares of Lundin Gold from an "outperform" rating to a "market perform" rating in a research report on Tuesday, December 10th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$35.45.

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Lundin Gold Stock Down 0.2 %

TSE LUG traded down C$0.09 on Friday, hitting C$43.29. The stock had a trading volume of 282,965 shares, compared to its average volume of 419,762. The company's 50-day moving average is C$38.92 and its two-hundred day moving average is C$34.18. Lundin Gold has a one year low of C$18.08 and a one year high of C$45.82. The stock has a market cap of C$7.39 billion, a price-to-earnings ratio of 24.30 and a beta of 1.23.

Lundin Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 26th will be given a $0.43 dividend. This is a positive change from Lundin Gold's previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, March 11th. This represents a $1.72 annualized dividend and a yield of 3.97%. Lundin Gold's payout ratio is 60.06%.

Insiders Place Their Bets

In other news, Director Ian Gibbs sold 14,200 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$41.40, for a total transaction of C$587,880.00. Also, Director Pablo Mir sold 11,535 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total value of C$355,001.16. Over the last 90 days, insiders have sold 144,685 shares of company stock worth $5,854,985. 58.72% of the stock is owned by insiders.

About Lundin Gold

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.