Lundin Gold Stock Earnings Estimates Boosted by Scotiabank

Lundin Gold Inc. (TSE:LUG) – Stock analysts at Scotiabank upped their FY2027 earnings per share (EPS) estimates for Lundin Gold in a research note issued on Tuesday, October 13th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $4.75 for the year, up from their prior forecast of $4.74. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

A number of other analysts have also recently weighed in on the company. Royal Bank Of Canada decreased their price objective on Lundin Gold from C$98.00 to C$89.00 in a research report on Wednesday, September 16th. Desjardins dropped their target price on Lundin Gold from C$105.00 to C$100.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Canadian Imperial Bank of Commerce dropped their target price on Lundin Gold from C$137.00 to C$131.00 in a report on Monday, August 10th. Finally, Jefferies Financial Group cut their price target on Lundin Gold from C$90.00 to C$88.00 in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Lundin Gold currently has an average rating of “Buy” and an average price target of C$108.40.

Lundin Gold Stock Down 4.8%

LUG opened at C$91.18 on Thursday. The business has a 50 day moving average price of C$93.60 and a two-hundred day moving average price of C$90.81. The company has a market cap of C$22.05 billion, a PE ratio of 23.68 and a beta of 1.69. Lundin Gold has a 52 week low of C$71.51 and a 52 week high of C$130.98.

Lundin Gold (TSE:LUG) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. The firm had revenue of C$678.70 million for the quarter. Lundin Gold had a return on equity of 81.63% and a net margin of 46.31%.

Lundin Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a $1.0934 dividend. This is a boost from Lundin Gold’s previous quarterly dividend of $0.91. The ex-dividend date was Thursday, September 10th. This represents a $4.37 annualized dividend and a dividend yield of 4.8%. Lundin Gold’s dividend payout ratio (DPR) is 102.60%.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.