What is Cormark’s Forecast for Lundin Gold FY2025 Earnings?

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

Other analysts also recently issued research reports about the stock. CIBC increased their target price on shares of Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Royal Bank of Canada increased their target price on shares of Lundin Gold from C$31.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. Jefferies Financial Group downgraded shares of Lundin Gold from a “buy” rating to a “hold” rating and decreased their target price for the company from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. Desjardins increased their target price on shares of Lundin Gold from C$38.00 to C$42.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Scotiabank increased 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 research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lundin Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$34.45.

Lundin Gold Price Performance

Shares of TSE LUG opened at C$39.67 on Friday. The company has a 50 day simple moving average of C$34.55 and a 200 day simple moving average of C$31.71. The firm has a market cap of C$6.77 billion, a PE ratio of 22.27 and a beta of 1.23. Lundin Gold has a 1 year low of C$15.12 and a 1 year high of C$41.28.

Insider Buying and Selling

In other news, Director Pablo Mir sold 11,535 shares of Lundin Gold stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total transaction of C$355,001.16. 58.72% of the stock is owned by company insiders.

Lundin Gold Cuts Dividend

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

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.