Lundin Gold FY2025 EPS Reduced by National Bank Financial

Lundin Gold Inc. (TSE:LUG) – Analysts at National Bank Financial lowered their FY2025 EPS estimates for Lundin Gold in a note issued to investors on Wednesday, February 26th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $3.28 per share for the year, down from their prior estimate of $3.60. 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 FY2026 earnings at $3.12 EPS.

A number of other equities research analysts have also issued reports on LUG. Royal Bank of Canada upped their price objective on shares of Lundin Gold from C$31.00 to C$35.00 and gave the company a “sector perform” rating in a report on Tuesday, February 11th. Jefferies Financial Group lowered shares of Lundin Gold from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$37.00 to C$36.00 in a report on Wednesday, December 11th. CIBC upped their price objective on shares of Lundin Gold from C$34.00 to C$41.00 in a report on Monday, December 2nd. BMO Capital Markets lowered shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. Finally, Scotiabank upped their target price on shares of Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lundin Gold presently has an average rating of “Moderate Buy” and a consensus price target of C$35.18.

Lundin Gold Trading Down 2.3 %

Shares of LUG opened at C$38.94 on Monday. Lundin Gold has a 12-month low of C$16.31 and a 12-month high of C$41.74. The firm has a 50-day moving average price of C$35.50 and a 200 day moving average price of C$32.45. The firm has a market capitalization of C$6.65 billion, a P/E ratio of 21.86 and a beta of 1.23.

Insider Transactions at Lundin Gold

In other news, Senior Officer Chester See sold 5,800 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of C$40.92, for a total transaction of C$237,321.50. Also, Director Pablo Mir sold 11,535 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total transaction of C$355,001.16. Over the last quarter, insiders have sold 115,985 shares of company stock valued at $4,681,281. 58.72% of the stock is currently owned by corporate insiders.

Lundin Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Tuesday, March 11th. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. Lundin Gold’s dividend payout ratio is currently 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.