FY2025 Earnings Forecast for Lundin Gold Issued By Cormark

Lundin Gold Inc. (TSE:LUG) – Analysts at Cormark decreased their FY2025 earnings estimates for Lundin Gold in a research note issued on Thursday, February 20th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $2.39 for the year, down from their prior forecast of $2.42. Cormark has a “Hold” rating on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Several other equities analysts have also weighed in on the stock. CIBC increased their price objective on shares of Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Scotiabank raised their price target on shares of Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. 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. Desjardins raised their price target on shares of Lundin Gold from C$38.00 to C$42.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group lowered shares of Lundin Gold from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$34.45.

Lundin Gold Price Performance

Shares of LUG opened at C$39.67 on Friday. The firm has a market capitalization of C$6.77 billion, a PE ratio of 22.27 and a beta of 1.23. The company’s 50-day moving average is C$34.55 and its 200-day moving average is C$31.76. Lundin Gold has a fifty-two week low of C$15.12 and a fifty-two week high of C$41.28.

Lundin Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, December 5th. Lundin Gold’s dividend payout ratio is currently 60.06%.

Insider Buying and Selling at Lundin Gold

In other news, Director Pablo Mir sold 11,535 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total value of C$355,001.16. Insiders own 58.72% of the company’s stock.

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.