What is Cormark’s Forecast for Lundin Gold FY2025 Earnings?

Lundin Gold Inc. (TSE:LUG) – Cormark decreased their FY2025 earnings per share estimates for Lundin Gold in a report released on Wednesday, December 11th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $2.42 for the year, down from their prior estimate of $2.51. Cormark currently has a “Hold” rating and a $32.00 target price on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. Cormark also issued estimates for Lundin Gold’s FY2026 earnings at $2.08 EPS and FY2027 earnings at $2.08 EPS.

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

Other analysts have also issued research reports about the stock. Desjardins upgraded shares of Lundin Gold to a “moderate buy” rating in a research note on Thursday, October 31st. BMO Capital Markets downgraded Lundin Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 10th. TD Securities upped their price objective on Lundin Gold from C$27.00 to C$38.00 in a research note on Friday, October 18th. CIBC lifted their target price on Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Finally, Raymond James cut Lundin Gold from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$25.00 to C$29.00 in a research note on Monday, September 23rd. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lundin Gold has an average rating of “Moderate Buy” and an average price target of C$32.55.

Lundin Gold Trading Up 1.1 %

TSE:LUG opened at C$31.71 on Monday. Lundin Gold has a one year low of C$14.23 and a one year high of C$35.89. The business’s 50-day simple moving average is C$32.82 and its 200 day simple moving average is C$27.23. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The stock has a market cap of C$7.61 billion, a price-to-earnings ratio of 24.58 and a beta of 1.23.

Lundin Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. Lundin Gold’s dividend payout ratio is currently 82.95%.

Insider Activity

In other news, Senior Officer Chester See sold 14,900 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total transaction of C$448,490.00. Also, Senior Officer Terrence Smith sold 25,740 shares of Lundin Gold stock in a transaction that occurred 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. 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.