Desjardins Forecasts Lundin Gold’s FY2025 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Equities researchers at Desjardins upped their FY2025 EPS estimates for Lundin Gold in a research report issued on Wednesday, January 8th. Desjardins analyst A. Carson now anticipates that the company will post earnings per share of $2.95 for the year, up from their previous forecast of $2.61. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Several other research firms have also issued reports on LUG. BMO Capital Markets lowered Lundin Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 10th. Scotiabank reduced their price objective on shares of Lundin Gold from C$31.50 to C$30.00 in a research note on Tuesday, December 10th. Raymond James cut shares of Lundin Gold from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$25.00 to C$29.00 in a research report on Monday, September 23rd. TD Securities lifted their price target on shares of Lundin Gold from C$27.00 to C$38.00 in a report on Friday, October 18th. Finally, Jefferies Financial Group lowered Lundin Gold from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$37.00 to C$36.00 in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.15.

Lundin Gold Stock Performance

LUG stock opened at C$33.84 on Monday. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41. Lundin Gold has a 1-year low of C$14.23 and a 1-year high of C$35.89. The business has a 50-day moving average price of C$32.01 and a 200 day moving average price of C$28.73. The company has a market capitalization of C$8.12 billion, a P/E ratio of 26.23 and a beta of 1.23.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.60 by C$0.16. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The company had revenue of C$440.77 million during the quarter.

Insider Activity at Lundin Gold

In other Lundin Gold news, Director Pablo Mir sold 11,535 shares of the firm’s 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. 58.72% of the stock is owned by corporate 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 paid a dividend of $0.20 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.36%. Lundin Gold’s payout ratio is 82.95%.

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.