FY2025 Earnings Estimate for Lundin Gold Issued By Cormark

Lundin Gold Inc. (TSE:LUG) – Equities researchers at Cormark lifted their FY2025 earnings per share estimates for shares of Lundin Gold in a note issued to investors on Monday, November 10th. Cormark analyst N. Dion now expects that the company will post earnings per share of $4.49 for the year, up from their previous forecast of $4.34. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

A number of other equities research analysts have also issued reports on LUG. Canaccord Genuity Group raised their price target on shares of Lundin Gold from C$60.00 to C$78.00 in a report on Thursday, October 2nd. Jefferies Financial Group boosted their target price on Lundin Gold from C$82.00 to C$97.00 in a research note on Friday, October 17th. CIBC lifted their price target on shares of Lundin Gold from C$85.00 to C$116.00 in a report on Friday, October 10th. Raymond James Financial boosted their price target on shares of Lundin Gold from C$65.00 to C$80.00 in a research report on Friday, October 10th. Finally, Desjardins downgraded shares of Lundin Gold from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$62.00 to C$70.00 in a research note on Thursday, July 17th. Ten analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lundin Gold has an average rating of “Reduce” and a consensus price target of C$73.21.

Lundin Gold Stock Performance

Shares of Lundin Gold stock opened at C$108.73 on Tuesday. Lundin Gold has a 52-week low of C$29.42 and a 52-week high of C$116.20. The company’s 50 day moving average price is C$94.19 and its 200-day moving average price is C$77.61. The stock has a market capitalization of C$26.25 billion, a price-to-earnings ratio of 38.42 and a beta of 1.35.

Lundin Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.675 per share. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.21. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 10th. Lundin Gold’s payout ratio is 61.48%.

Insider Buying and Selling

In related news, insider Sheila Margaret Colman sold 14,600 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of C$81.49, for a total transaction of C$1,189,754.00. Following the sale, the insider directly owned 37,068 shares of the company’s stock, valued at approximately C$3,020,671.32. This represents a 28.26% decrease in their position. Also, 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 value of C$1,666,000.00. Following the completion of the sale, 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 ownership of the stock. Insiders own 58.72% of the company’s stock.

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.