What is Desjardins’ Estimate for Lundin Gold Q1 Earnings?

Lundin Gold Inc. (TSE:LUG) – Equities researchers at Desjardins issued their Q1 2025 EPS estimates for shares of Lundin Gold in a research note issued on Tuesday, April 22nd. Desjardins analyst A. Carson forecasts that the company will post earnings per share of $0.82 for the quarter. Desjardins has a “Buy” rating and a $42.00 price target 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 recently weighed in on LUG. Scotiabank boosted their price objective on Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. Raymond James upped their price target on Lundin Gold from C$32.00 to C$43.00 in a report on Friday, April 4th. CIBC increased their price objective on Lundin Gold from C$44.00 to C$46.00 in a research report on Thursday, April 17th. Jefferies Financial Group boosted their target price on shares of Lundin Gold from C$36.00 to C$45.00 in a research report on Friday, April 4th. Finally, Royal Bank of Canada increased their price target on shares of Lundin Gold from C$37.00 to C$42.00 in a report on Friday, April 4th. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lundin Gold currently has an average rating of “Hold” and an average price target of C$42.20.

Lundin Gold Price Performance

LUG stock opened at C$58.14 on Friday. The stock has a market capitalization of C$9.92 billion, a price-to-earnings ratio of 32.64 and a beta of 1.23. The company has a 50-day moving average of C$45.50 and a two-hundred day moving average of C$37.73. Lundin Gold has a 52-week low of C$18.14 and a 52-week high of C$60.35.

Lundin Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 26th were paid a $0.43 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.72 dividend on an annualized basis and a yield of 2.96%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. Lundin Gold’s payout ratio is presently 60.06%.

Insider Buying and Selling

In other news, Director Ronald F. Hochstein sold 88,750 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$41.42, for a total value of C$3,675,732.13. Also, Director Ian Gibbs sold 14,200 shares of Lundin Gold stock in a transaction dated Friday, March 7th. The shares were sold at an average price of C$41.40, for a total transaction of C$587,880.00. Insiders sold 133,150 shares of company stock valued at $5,499,984 over the last quarter. Corporate insiders own 58.72% of the company’s stock.

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.