Desjardins Issues Positive Forecast for Lundin Gold Earnings

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at Desjardins raised their FY2025 earnings per share (EPS) estimates for shares of Lundin Gold in a report released on Wednesday, January 8th. Desjardins analyst A. Carson now expects that the company will post earnings of $2.95 per share for the year, up from their previous forecast of $2.61. Desjardins currently 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 analysts have also recently commented on the company. Raymond James cut Lundin Gold from an “outperform” rating to a “market perform” rating and lifted their price target for the company from C$25.00 to C$29.00 in a report on Monday, September 23rd. CIBC boosted their target price on shares of Lundin Gold from C$34.00 to C$41.00 in a report on Monday, December 2nd. Royal Bank of Canada increased their price target on shares of Lundin Gold from C$27.00 to C$31.00 in a research note on Friday, December 6th. TD Securities boosted their price objective on shares of Lundin Gold from C$27.00 to C$38.00 in a research note on Friday, October 18th. Finally, BMO Capital Markets downgraded Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$33.15.

Lundin Gold Stock Performance

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

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

Insider Buying and Selling

In other news, Director Pablo Mir sold 11,535 shares of Lundin Gold stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total value of C$355,001.16. Insiders own 58.72% of the company’s stock.

Lundin Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.36%. Lundin Gold’s dividend payout ratio is currently 82.95%.

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.