FY2025 EPS Estimates for Lundin Gold Lowered by Analyst

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at National Bank Financial decreased their FY2025 earnings per share estimates for shares of Lundin Gold in a note issued to investors on Wednesday, February 26th. National Bank Financial analyst D. Demarco now expects that the company will earn $3.28 per share for the year, down from their prior estimate of $3.60. 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 FY2026 earnings at $3.12 EPS.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group downgraded Lundin Gold from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. BMO Capital Markets downgraded Lundin Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 10th. Scotiabank raised their price objective on Lundin Gold from C$30.00 to C$31.50 in a research note on Wednesday, January 15th. CIBC raised their price objective on Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. Finally, Desjardins raised their price objective on Lundin Gold from C$38.00 to C$42.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Seven 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. According to data from MarketBeat, Lundin Gold has a consensus rating of “Moderate Buy” and an average price target of C$35.18.

Lundin Gold Trading Down 0.8 %

Shares of LUG stock opened at C$38.61 on Monday. The company has a market cap of C$6.59 billion, a price-to-earnings ratio of 21.67 and a beta of 1.23. The stock has a 50 day simple moving average of C$35.65 and a 200-day simple moving average of C$32.54. Lundin Gold has a 12-month low of C$16.77 and a 12-month high of C$41.74.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.43 per share. This is an increase from Lundin Gold’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, March 11th. This represents a $1.72 annualized dividend and a yield of 4.45%. Lundin Gold’s dividend payout ratio (DPR) is presently 60.06%.

Insiders Place Their Bets

In other news, Senior Officer Chester See sold 5,800 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$40.92, for a total transaction of C$237,321.50. Also, Director Pablo Mir sold 11,535 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total value of C$355,001.16. Over the last 90 days, insiders sold 115,985 shares of company stock valued at $4,681,281. Corporate insiders own 58.72% of the company’s stock.

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.