Q1 Earnings Forecast for Lundin Gold Issued By Desjardins

Lundin Gold Inc. (TSE:LUG - Free Report) - Stock analysts at Desjardins issued their Q1 2025 earnings per share estimates for Lundin Gold in a research note issued on Tuesday, April 22nd. Desjardins analyst A. Carson expects that the company will post earnings of $0.82 per share for the quarter. Desjardins currently has a "Buy" rating and a $42.00 target price on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

A number of other equities research analysts also recently commented on the company. Cormark downgraded Lundin Gold from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Raymond James lifted their target price on Lundin Gold from C$32.00 to C$43.00 in a report on Friday, April 4th. Jefferies Financial Group lifted their target price on Lundin Gold from C$36.00 to C$45.00 in a report on Friday, April 4th. TD Securities lifted their target price on Lundin Gold from C$46.00 to C$58.00 in a report on Tuesday, April 15th. Finally, Royal Bank of Canada lifted their target price on Lundin Gold from C$37.00 to C$42.00 in a report on Friday, April 4th. Eight analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lundin Gold has an average rating of "Hold" and a consensus price target of C$42.20.

Lundin Gold Stock Down 3.8 %

Shares of Lundin Gold stock traded down C$2.20 on Friday, reaching C$55.94. 767,421 shares of the stock were exchanged, compared to its average volume of 474,764. Lundin Gold has a twelve month low of C$18.14 and a twelve month high of C$60.35. The firm has a market capitalization of C$9.55 billion, a price-to-earnings ratio of 31.40 and a beta of 1.23. The business has a 50 day moving average price of C$45.86 and a two-hundred day moving average price of C$37.94.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 26th were paid a $0.43 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.72 dividend on an annualized basis and a yield of 3.07%. This is a boost from Lundin Gold's previous quarterly dividend of $0.20. Lundin Gold's dividend payout ratio (DPR) is currently 60.06%.

Insider Buying and Selling

In other Lundin Gold news, Senior Officer Sheila Margaret Colman sold 14,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of C$40.40, for a total transaction of C$585,824.65. Also, Senior Officer Chester See sold 5,800 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$40.92, for a total transaction of C$237,321.50. In the last quarter, insiders sold 133,150 shares of company stock valued at $5,499,984. 58.72% of the stock is owned by corporate insiders.

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.