FY2027 EPS Estimates for Lundin Gold Boosted by Analyst

Lundin Gold Inc. (TSE:LUG) – Equities researchers at National Bank Financial increased their FY2027 earnings per share (EPS) estimates for Lundin Gold in a report released on Wednesday, February 26th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $2.90 per share for the year, up from their previous estimate of $2.65. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. National Bank Financial also issued estimates for Lundin Gold’s FY2027 earnings at $2.90 EPS, FY2028 earnings at $2.36 EPS and FY2028 earnings at $2.36 EPS.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets cut shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. Royal Bank of Canada upped their price objective on Lundin Gold from C$31.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. TD Securities boosted their target price on Lundin Gold from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Thursday. Scotiabank upped their price objective on shares of Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. Finally, CIBC increased their price target on shares of Lundin Gold from C$34.00 to C$41.00 in a report on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$35.18.

Lundin Gold Price Performance

LUG stock opened at C$40.22 on Friday. The company has a market cap of C$6.87 billion, a price-to-earnings ratio of 22.58 and a beta of 1.23. The company has a fifty day moving average price of C$35.14 and a 200 day moving average price of C$32.23. Lundin Gold has a 12 month low of C$15.32 and a 12 month high of C$41.74.

Insider Activity

In other news, Director Pablo Mir sold 11,535 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total transaction of C$355,001.16. Also, Director Ronald F. Hochstein sold 88,750 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$41.42, for a total value of C$3,675,732.13. In the last ninety days, insiders sold 110,185 shares of company stock worth $4,443,959. 58.72% of the stock is currently owned by insiders.

Lundin Gold Cuts Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, December 5th. Lundin Gold’s dividend payout ratio is presently 60.06%.

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.