Lundin Gold Inc. (TSE:LUG) to Post FY2025 Earnings of $2.18 Per Share, Cormark Forecasts

Lundin Gold Inc. (TSE:LUG) – Cormark lowered their FY2025 earnings per share estimates for shares of Lundin Gold in a research report issued on Thursday, October 10th. Cormark analyst N. Dion now forecasts that the company will earn $2.18 per share for the year, down from their prior estimate of $2.19. Cormark currently has a “Hold” rating and a $32.00 target price on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada boosted their price target on shares of Lundin Gold from C$25.00 to C$27.00 in a research report on Tuesday, September 10th. Scotiabank boosted their target price on Lundin Gold from C$23.50 to C$25.50 in a report on Monday, August 19th. Jefferies Financial Group raised their price target on Lundin Gold from C$29.00 to C$35.00 in a report on Friday, October 4th. TD Securities lifted their price objective on Lundin Gold from C$24.00 to C$27.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, National Bank Financial upgraded Lundin Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 7th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$28.33.

Lundin Gold Stock Down 0.2 %

LUG opened at C$32.67 on Monday. The firm has a market cap of C$7.84 billion, a price-to-earnings ratio of 25.33 and a beta of 1.23. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The firm’s 50-day simple moving average is C$27.60 and its 200-day simple moving average is C$22.83. Lundin Gold has a twelve month low of C$14.23 and a twelve month high of C$33.34.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.62 by C($0.07). The company had revenue of C$412.43 million for the quarter. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%.

Insider Buying and Selling

In other Lundin Gold news, Senior Officer Chester See sold 14,900 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total transaction of C$448,490.00. In other news, Senior Officer Terrence Smith sold 25,740 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$29.52, for a total value of C$759,826.78. Also, Senior Officer Chester See sold 14,900 shares of Lundin Gold stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. Insiders sold a total of 72,840 shares of company stock worth $2,146,122 over the last three months. 58.72% of the stock is currently owned by company insiders.

Lundin Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were issued a $0.551 dividend. This is a boost from Lundin Gold’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $2.20 annualized dividend and a yield of 6.75%. Lundin Gold’s dividend payout ratio (DPR) is currently 82.95%.

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.