FY2025 EPS Estimates for Lundin Gold Increased by Desjardins

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at Desjardins increased their FY2025 EPS estimates for Lundin Gold in a research note issued to investors on Wednesday, January 8th. Desjardins analyst A. Carson now anticipates that the company will post earnings per share of $2.95 for the year, up from their previous estimate of $2.61. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Lundin Gold (TSE:LUG) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.60 by C$0.16. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The firm had revenue of C$440.77 million for the quarter.

A number of other analysts have also recently commented on LUG. Canaccord Genuity Group cut shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 22nd. CIBC upped their price objective on Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. Scotiabank lowered their target price on Lundin Gold from C$31.50 to C$30.00 in a research report on Tuesday, December 10th. Raymond James lowered Lundin Gold from an “outperform” rating to a “market perform” rating and boosted their price target for the company from C$25.00 to C$29.00 in a report on Monday, September 23rd. Finally, TD Securities raised their price objective on Lundin Gold from C$27.00 to C$38.00 in a research note on Friday, October 18th. Five 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$33.15.

Lundin Gold Price Performance

TSE LUG opened at C$34.30 on Monday. 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 firm has a market capitalization of C$8.23 billion, a P/E ratio of 26.59 and a beta of 1.23. The company has a 50-day moving average price of C$32.04 and a 200-day moving average price of C$28.89. Lundin Gold has a 52 week low of C$14.23 and a 52 week high of C$35.89.

Insider Activity

In related news, Director Pablo Mir sold 11,535 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total transaction of C$355,001.16. Corporate insiders own 58.72% of the company’s stock.

Lundin Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Thursday, December 5th. Lundin Gold’s dividend payout ratio (DPR) is presently 82.95%.

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.