Cormark Analysts Reduce Earnings Estimates for Lundin Gold Inc. (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Cormark decreased their FY2025 earnings per share (EPS) estimates for Lundin Gold in a research note issued to investors on Thursday, October 10th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $2.18 for the year, down from their prior forecast 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.

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

Several other research analysts also recently commented on LUG. Royal Bank of Canada raised their price objective on shares of Lundin Gold from C$25.00 to C$27.00 in a report on Tuesday, September 10th. CIBC boosted their price objective on Lundin Gold from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Jefferies Financial Group raised their target price on Lundin Gold from C$29.00 to C$35.00 in a research note on Friday, October 4th. Raymond James downgraded shares of Lundin Gold from an “outperform” rating to a “market perform” rating and increased their price target for the stock from C$25.00 to C$29.00 in a report on Monday, September 23rd. Finally, National Bank Financial raised shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 7th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lundin Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of C$28.33.

Lundin Gold Price Performance

The stock has a fifty day simple moving average of C$27.60 and a 200-day simple moving average of C$22.83. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$33.34. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41. The stock has a market capitalization of C$7.84 billion, a P/E ratio of 25.33 and a beta of 1.23.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were paid a $0.551 dividend. This represents a $2.20 dividend on an annualized basis and a yield of ?. The ex-dividend date of this dividend was Tuesday, September 10th. This is a boost from Lundin Gold’s previous quarterly dividend of $0.10. Lundin Gold’s payout ratio is currently 82.95%.

Insider Transactions at Lundin Gold

In other Lundin Gold news, Senior Officer Sheila Margaret Colman sold 16,000 shares of Lundin Gold stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$28.74, for a total transaction of C$459,913.60. In other Lundin Gold news, Senior Officer Chester See sold 14,900 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. Also, Senior Officer Sheila Margaret Colman sold 16,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$28.74, for a total transaction of C$459,913.60. Insiders have sold 72,840 shares of company stock valued at $2,146,122 in the last quarter. 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.