FY2025 Earnings Forecast for Lundin Gold Inc. Issued By Cormark (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at Cormark decreased their FY2025 earnings per share estimates for shares of Lundin Gold in a research report issued to clients and investors on Thursday, October 10th. Cormark analyst N. Dion now forecasts that the company will earn $2.18 per share for the year, down from their prior estimate of $2.19. Cormark has a “Hold” rating and a $32.00 price objective on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Other analysts have also issued research reports about the stock. Raymond James lowered shares of Lundin Gold from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from C$25.00 to C$29.00 in a research report on Monday, September 23rd. Scotiabank boosted their price target on shares of Lundin Gold from C$23.50 to C$25.50 in a research report on Monday, August 19th. TD Securities raised their price objective on Lundin Gold from C$24.00 to C$27.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. National Bankshares lifted their target price on Lundin Gold from C$30.75 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Finally, CIBC increased their price target on Lundin Gold from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lundin Gold currently has an average rating of “Moderate Buy” and an average price target of C$28.33.

Lundin Gold Trading Down 0.2 %

TSE:LUG opened at C$32.67 on Monday. The company has a market cap of C$7.84 billion, a P/E ratio of 25.33 and a beta of 1.23. Lundin Gold has a twelve month low of C$14.23 and a twelve month high of C$33.34. The business has a 50 day moving average price of C$27.60 and a two-hundred day moving average price of C$22.83. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28.

Lundin Gold (TSE:LUG) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate of C$0.62 by C($0.07). Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The firm had revenue of C$412.43 million for the quarter.

Insider Activity

In other Lundin Gold news, Senior Officer Terrence Smith sold 25,740 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$29.52, for a total transaction of C$759,826.78. In other Lundin Gold news, Senior Officer Terrence Smith sold 25,740 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$29.52, for a total value of C$759,826.78. Also, Senior Officer Sheila Margaret Colman sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$28.74, for a total value of C$459,913.60. Insiders sold a total of 72,840 shares of company stock valued at $2,146,122 over the last three months. Insiders own 58.72% of the company’s stock.

Lundin Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were paid a $0.551 dividend. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, September 10th. This represents a $2.20 annualized dividend and a yield of 6.75%. Lundin Gold’s dividend payout ratio is currently 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.