Cormark Comments on Lundin Gold’s FY2025 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Investment analysts at Cormark dropped their FY2025 EPS estimates for Lundin Gold in a report released on Thursday, February 20th. Cormark analyst N. Dion now expects that the company will earn $2.39 per share for the year, down from their prior estimate of $2.42. Cormark currently has a “Hold” rating on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

A number of other research firms also recently commented on LUG. CIBC raised their target price on shares of Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Royal Bank of Canada lifted their price objective on shares of Lundin Gold from C$31.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 11th. Jefferies Financial Group downgraded shares of Lundin Gold from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. Desjardins lifted their price objective on shares of Lundin Gold from C$38.00 to C$42.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Scotiabank lifted their price objective on shares of Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$34.45.

Lundin Gold Stock Performance

TSE LUG opened at C$38.37 on Friday. The company has a market capitalization of C$6.55 billion, a price-to-earnings ratio of 21.54 and a beta of 1.23. The company’s 50-day simple moving average is C$34.38 and its two-hundred day simple moving average is C$31.65. Lundin Gold has a one year low of C$15.12 and a one year high of C$41.28.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, December 5th. Lundin Gold’s dividend payout ratio (DPR) is presently 60.06%.

Insider Buying and Selling

In other Lundin Gold news, Director Pablo Mir sold 11,535 shares of Lundin Gold stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total value of C$355,001.16. 58.72% of the stock is currently owned by company insiders.

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.