Scotiabank Estimates Lundin Gold’s FY2025 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Stock analysts at Scotiabank lowered their FY2025 EPS estimates for shares of Lundin Gold in a report issued on Wednesday, March 19th. Scotiabank analyst O. Habib now expects that the company will post earnings of $1.73 per share for the year, down from their prior estimate 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.

A number of other brokerages have also recently issued reports on LUG. TD Securities raised their price objective on Lundin Gold from C$40.00 to C$46.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. CIBC lowered Lundin Gold from an “outperform” rating to a “neutral” rating and raised their price target for the stock from C$41.00 to C$44.00 in a research report on Thursday. Jefferies Financial Group downgraded Lundin Gold from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. Royal Bank of Canada increased their price objective on Lundin Gold from C$31.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. Finally, Cormark downgraded shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 20th. Eight research 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’s stock. Based on data from MarketBeat.com, Lundin Gold presently has an average rating of “Hold” and a consensus price target of C$35.45.

Lundin Gold Stock Up 2.2 %

Shares of TSE:LUG opened at C$43.60 on Friday. The stock has a market cap of C$7.44 billion, a PE ratio of 24.47 and a beta of 1.23. The company’s fifty day moving average is C$38.73 and its 200 day moving average is C$33.96. Lundin Gold has a 52 week low of C$18.08 and a 52 week high of C$45.82.

Insider Buying and Selling at Lundin Gold

In other Lundin Gold news, Director Pablo Mir sold 11,535 shares of Lundin Gold 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. Also, Director Ian Gibbs sold 14,200 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$41.40, for a total value of C$587,880.00. In the last ninety days, insiders have sold 144,685 shares of company stock valued at $5,854,985. 58.72% of the stock is currently owned by company insiders.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 26th will be issued a $0.43 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.72 annualized dividend and a yield of 3.94%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. Lundin Gold’s payout ratio is 60.06%.

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.