FY2025 EPS Estimates for Lundin Gold Decreased by Scotiabank

Lundin Gold Inc. (TSE:LUG) – Equities researchers at Scotiabank dropped their FY2025 earnings estimates for shares of Lundin Gold in a note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $1.73 per share for the year, down from their prior estimate of $1.74. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. Scotiabank also issued estimates for Lundin Gold’s FY2026 earnings at $2.03 EPS.

A number of other research firms have also recently commented on LUG. Cormark cut shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 20th. Desjardins upped their price target on 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. TD Securities increased their price target on Lundin Gold from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Royal Bank of Canada boosted their price objective on Lundin Gold from C$31.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lundin Gold presently has an average rating of “Hold” and an average price target of C$35.45.

Lundin Gold Stock Up 2.2 %

LUG opened at C$43.60 on Friday. Lundin Gold has a twelve month low of C$18.08 and a twelve month high of C$45.82. The company’s 50-day moving average price is C$38.73 and its two-hundred day moving average price is C$33.96. The stock has a market cap of C$7.44 billion, a price-to-earnings ratio of 24.47 and a beta of 1.23.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 26th will be paid a dividend of $0.43 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.72 annualized dividend and a yield of 3.94%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. Lundin Gold’s payout ratio is currently 60.06%.

Insider Buying and Selling

In related news, Director Ian Gibbs sold 14,200 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$41.40, for a total transaction of C$587,880.00. Also, Senior Officer Sheila Margaret Colman sold 9,900 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$41.74, for a total value of C$413,226.00. In the last 90 days, insiders have sold 144,685 shares of company stock valued at $5,854,985. Company insiders own 58.72% of the company’s stock.

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.