Cormark Comments on Lundin Gold’s FY2025 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Analysts at Cormark boosted their FY2025 EPS estimates for Lundin Gold in a report released on Friday, October 10th. Cormark analyst N. Dion now forecasts that the company will post earnings of $3.84 per share for the year, up from their previous estimate of $3.60. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

A number of other brokerages also recently weighed in on LUG. Canaccord Genuity Group upped their target price on Lundin Gold from C$60.00 to C$78.00 in a report on Thursday, October 2nd. JPMorgan Chase & Co. upped their price objective on Lundin Gold from C$16.00 to C$28.00 in a research note on Friday. National Bank Financial lowered shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 23rd. CIBC lifted their price objective on shares of Lundin Gold from C$85.00 to C$116.00 in a research report on Friday. Finally, BMO Capital Markets boosted their target price on shares of Lundin Gold from C$93.00 to C$104.00 in a research note on Thursday, October 9th. Eleven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of C$68.54.

Lundin Gold Stock Performance

TSE:LUG opened at C$93.06 on Monday. The firm has a market cap of C$22.46 billion, a price-to-earnings ratio of 36.64 and a beta of 1.26. Lundin Gold has a 52 week low of C$29.42 and a 52 week high of C$99.18. The firm has a 50-day moving average price of C$85.96 and a two-hundred day moving average price of C$70.46.

Insider Activity

In other Lundin Gold news, insider Chester See sold 20,000 shares of Lundin Gold stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of C$83.30, for a total transaction of C$1,666,000.00. Following the completion of the transaction, the insider owned 132,571 shares of the company’s stock, valued at C$11,043,164.30. The trade was a 13.11% decrease in their position. Also, insider Sheila Margaret Colman sold 14,600 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of C$81.49, for a total value of C$1,189,754.00. Following the sale, the insider owned 37,068 shares in the company, valued at approximately C$3,020,671.32. This represents a 28.26% decrease in their ownership of the stock. 58.72% of the stock is owned by company insiders.

Lundin Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were paid a $0.675 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $2.70 annualized dividend and a yield of 2.9%. This is an increase from Lundin Gold’s previous quarterly dividend of $0.21. Lundin Gold’s dividend payout ratio is 45.28%.

Lundin Gold Company Profile

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.