FY2025 EPS Estimates for Lundin Gold Lowered by Scotiabank

Lundin Gold Inc. (TSE:LUG) – Equities researchers at Scotiabank lowered their FY2025 EPS estimates for Lundin Gold in a report issued on Wednesday, March 19th. Scotiabank analyst O. Habib now expects 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.

Several other research analysts have also recently issued reports on the stock. Cormark cut shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 20th. Jefferies Financial Group cut shares of 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. CIBC cut shares of Lundin Gold from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$41.00 to C$44.00 in a report on Thursday. Desjardins upped 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 report on Thursday, February 13th. Finally, TD Securities upped their target price on shares of Lundin Gold from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Eight investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$35.45.

Lundin Gold Price Performance

TSE:LUG opened at C$42.68 on Friday. The firm has a market capitalization of C$7.29 billion, a P/E ratio of 23.96 and a beta of 1.23. Lundin Gold has a one year low of C$18.08 and a one year high of C$45.82. The company’s 50-day simple moving average is C$38.54 and its 200 day simple moving average is C$33.89.

Insiders Place Their Bets

In other Lundin Gold news, Director Ronald F. Hochstein sold 88,750 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$41.42, for a total transaction of C$3,675,732.13. Also, Director Pablo Mir sold 11,535 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total transaction of C$355,001.16. Insiders have sold a total of 144,685 shares of company stock worth $5,854,985 in the last three months. Corporate insiders own 58.72% of the company’s stock.

Lundin Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 26th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.03%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, March 11th. Lundin Gold’s dividend payout ratio is presently 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.