FY2025 Earnings Forecast for Lundin Gold Issued By Cormark

Lundin Gold Inc. (TSE:LUG) – Analysts at Cormark lowered their FY2025 earnings per share estimates for Lundin Gold in a research report issued to clients and investors on Wednesday, December 11th. Cormark analyst N. Dion now expects that the company will post earnings per share of $2.42 for the year, down from their previous estimate of $2.51. Cormark currently 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. 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 EPS for the quarter, topping the consensus estimate of C$0.60 by C$0.16. The company had revenue of C$440.77 million for the quarter. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%.

Several other equities research analysts also recently weighed in on LUG. TD Securities increased their price target on Lundin Gold from C$27.00 to C$38.00 in a report on Friday, October 18th. Scotiabank lowered their target price on shares of Lundin Gold from C$31.50 to C$30.00 in a report on Tuesday, December 10th. Jefferies Financial Group lowered shares of Lundin Gold from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. Desjardins upgraded shares of Lundin Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets downgraded Lundin Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$32.55.

Lundin Gold Stock Performance

Shares of LUG stock opened at C$31.71 on Monday. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$35.89. The stock’s 50-day moving average price is C$32.82 and its 200 day moving average price is C$27.23. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28. The stock has a market capitalization of C$7.61 billion, a PE ratio of 24.58 and a beta of 1.23.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be given a $0.20 dividend. The ex-dividend date 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 presently 82.95%.

Insider Transactions at Lundin Gold

In other Lundin Gold news, Senior Officer Terrence Smith sold 25,740 shares of Lundin Gold stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$29.52, for a total value of C$759,826.78. Also, Senior Officer Chester See sold 14,900 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total transaction of C$448,490.00. Corporate insiders own 58.72% of the company’s stock.

Lundin Gold Company Profile

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.