FY2025 Earnings Estimate for Lundin Gold Inc. Issued By National Bank Financial (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Analysts at National Bank Financial upped their FY2025 earnings per share estimates for shares of Lundin Gold in a note issued to investors on Thursday, April 18th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of $2.20 for the year, up from their prior estimate of $2.11. The consensus estimate for Lundin Gold’s current full-year earnings is $1.36 per share.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.19 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The company had revenue of C$259.63 million for the quarter. Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%.

Several other brokerages have also weighed in on LUG. Jefferies Financial Group lifted their price target on Lundin Gold from C$19.00 to C$23.00 and gave the company a “buy” rating in a research note on Monday. National Bankshares lifted their price target on Lundin Gold from C$24.50 to C$24.75 in a research note on Friday, April 19th. Canaccord Genuity Group lifted their price target on Lundin Gold from C$22.75 to C$23.25 in a research note on Tuesday. Veritas Investment Research lifted their price target on Lundin Gold from C$20.90 to C$28.00 in a research note on Friday, April 12th. Finally, Raymond James lifted their price target on Lundin Gold from C$17.50 to C$21.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Lundin Gold currently has an average rating of “Moderate Buy” and an average target price of C$22.25.

Lundin Gold Stock Performance

TSE LUG opened at C$19.00 on Monday. The company has a debt-to-equity ratio of 31.98, a quick ratio of 1.41 and a current ratio of 2.86. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$20.36. The stock has a 50-day simple moving average of C$17.61 and a two-hundred day simple moving average of C$16.63. The firm has a market capitalization of C$4.52 billion, a P/E ratio of 18.57 and a beta of 1.10.

Insiders Place Their Bets

In other news, Director Ronald F. Hochstein sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. 59.46% of the stock is owned by company insiders.

Lundin Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a dividend of $0.269 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.08 annualized dividend and a yield of 5.66%. Lundin Gold’s dividend payout ratio (DPR) is currently 52.94%.

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.