What is Cormark’s Forecast for Lundin Gold FY2025 Earnings?

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at Cormark upped their FY2025 earnings per share estimates for Lundin Gold in a report released on Wednesday, November 5th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $4.34 for the year, up from their prior estimate of $3.84. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial boosted their target price on shares of Lundin Gold from C$65.00 to C$80.00 in a research report on Friday, October 10th. TD Securities cut shares of Lundin Gold from a “strong-buy” rating to a “hold” rating and lifted their price objective for the company from C$65.00 to C$73.00 in a research note on Wednesday, July 16th. BMO Capital Markets boosted their price objective on shares of Lundin Gold from C$93.00 to C$104.00 in a research report on Thursday, October 9th. Desjardins downgraded Lundin Gold from a “moderate buy” rating to a “hold” rating and raised their target price for the company from C$62.00 to C$70.00 in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. boosted their price target on Lundin Gold from C$16.00 to C$28.00 in a report on Friday, October 10th. Ten investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of C$72.88.

Lundin Gold Stock Down 1.3%

LUG opened at C$99.88 on Friday. The stock has a market capitalization of C$24.11 billion, a price-to-earnings ratio of 39.32 and a beta of 1.35. Lundin Gold has a twelve month low of C$29.42 and a twelve month high of C$116.20. The company has a 50-day simple moving average of C$93.36 and a 200 day simple moving average of C$76.68.

Insiders Place Their Bets

In other news, insider Sheila Margaret Colman sold 14,600 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of C$81.49, for a total transaction of C$1,189,754.00. Following the completion of the transaction, the insider directly owned 37,068 shares in the company, valued at approximately C$3,020,671.32. This represents a 28.26% decrease in their ownership of the stock. Also, insider Chester See sold 20,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of C$83.30, for a total value of C$1,666,000.00. Following the completion of the transaction, the insider owned 132,571 shares of the company’s stock, valued at C$11,043,164.30. The trade was a 13.11% decrease in their ownership of the stock. Insiders own 58.72% of the company’s stock.

Lundin Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This is a boost from Lundin Gold’s previous quarterly dividend of $0.21. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.7%. Lundin Gold’s payout ratio is presently 45.28%.

About Lundin Gold

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.