FY2025 EPS Estimates for Lundin Gold Cut by Analyst

Lundin Gold Inc. (TSE:LUG) – Analysts at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for shares of Lundin Gold in a note issued to investors on Monday, August 11th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $3.92 per share for the year, down from their previous estimate of $3.93. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. National Bank Financial also issued estimates for Lundin Gold’s FY2029 earnings at $2.96 EPS.

LUG has been the subject of several other reports. Veritas cut Lundin Gold from a “strong-buy” rating to a “strong sell” rating in a report on Monday, June 9th. Cormark cut Lundin Gold from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 22nd. CIBC upped their target price on Lundin Gold from C$44.00 to C$46.00 in a report on Thursday, April 17th. Desjardins cut Lundin Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$62.00 to C$70.00 in a report on Thursday, July 17th. Finally, Royal Bank Of Canada increased their price target on Lundin Gold from C$50.00 to C$54.00 in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat.com, Lundin Gold has a consensus rating of “Hold” and a consensus target price of C$54.18.

Lundin Gold Stock Performance

TSE LUG opened at C$80.06 on Wednesday. The business has a fifty day moving average price of C$70.21 and a 200 day moving average price of C$56.28. Lundin Gold has a one year low of C$24.70 and a one year high of C$83.78. The company has a market cap of C$13.67 billion, a P/E ratio of 44.94 and a beta of 1.23.

Insiders Place Their Bets

In other news, Senior Officer Terrence Smith sold 40,656 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of C$64.06, for a total value of C$2,604,423.36. Also, Director Pablo Mir sold 15,000 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of C$66.44, for a total value of C$996,550.50. Insiders sold 57,056 shares of company stock worth $3,706,044 over the last three months. 58.72% of the stock is owned by insiders.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 25th were paid a dividend of $0.2075 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.83 annualized dividend and a yield of 1.0%. Lundin Gold’s dividend payout ratio is currently 60.06%.

About Lundin Gold

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.