FY2025 Earnings Forecast for Lundin Gold Inc. (TSE:LUG) Issued By National Bank Financial

Lundin Gold Inc. (TSE:LUG) – National Bank Financial lifted their FY2025 EPS estimates for Lundin Gold in a research report issued to clients and investors on Thursday, April 18th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $2.20 per share for the year, up from their previous estimate of $2.11. The consensus estimate for Lundin Gold’s current full-year earnings is $1.36 per share.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The firm had revenue of C$259.63 million during the quarter. Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%.

A number of other brokerages have also recently issued reports on LUG. Jefferies Financial Group lifted their target price on shares of Lundin Gold from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Monday. Scotiabank lifted their price objective on Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 28th. Raymond James set a C$17.50 target price on Lundin Gold and gave the company an “outperform” rating in a report on Thursday, January 25th. Veritas Investment Research boosted their price target on Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Finally, National Bankshares upped their price objective on Lundin Gold from C$24.50 to C$24.75 in a research report on Friday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$21.84.

Lundin Gold Trading Down 6.3 %

Shares of LUG stock opened at C$18.91 on Monday. The stock has a market cap of C$4.50 billion, a P/E ratio of 18.54 and a beta of 1.10. The company has a quick ratio of 1.41, a current ratio of 2.86 and a debt-to-equity ratio of 31.98. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$20.36. The business has a fifty day simple moving average of C$17.54 and a 200-day simple moving average of C$16.60.

Insider Buying and Selling

In other news, Director Ronald F. Hochstein sold 100,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. 59.46% of the stock is currently owned by company insiders.

Lundin Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a $0.269 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.08 annualized dividend and a yield of 5.69%. Lundin Gold’s payout ratio is currently 52.94%.

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.