Cormark Issues Pessimistic Estimate for Lundin Gold Earnings

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at Cormark cut their FY2025 earnings per share estimates for Lundin Gold in a research report issued to clients and investors on Wednesday, December 11th. Cormark analyst N. Dion now expects that the company will post earnings of $2.42 per share for the year, down from their prior forecast of $2.51. Cormark currently has a “Hold” rating and a $32.00 price target on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. Cormark also issued estimates for Lundin Gold’s FY2026 earnings at $2.08 EPS and FY2027 earnings at $2.08 EPS.

Several other equities analysts have also issued reports on LUG. Desjardins upgraded Lundin Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada upped their target price on shares of Lundin Gold from C$27.00 to C$31.00 in a research note on Friday, December 6th. TD Securities increased their target price on shares of Lundin Gold from C$27.00 to C$38.00 in a report on Friday, October 18th. CIBC boosted their price target on shares of Lundin Gold from C$34.00 to C$41.00 in a report on Monday, December 2nd. Finally, Raymond James cut shares of Lundin Gold from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$25.00 to C$29.00 in a research report on Monday, September 23rd. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lundin Gold currently has an average rating of “Moderate Buy” and a consensus price target of C$32.55.

Lundin Gold Stock Down 1.7 %

TSE:LUG opened at C$31.38 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. Lundin Gold has a 12-month low of C$14.23 and a 12-month high of C$35.89. The stock’s fifty day simple moving average is C$32.81 and its 200-day simple moving average is C$27.15. The firm has a market capitalization of C$7.53 billion, a P/E ratio of 24.33 and a beta of 1.23.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 earnings per share for the quarter, topping the consensus estimate 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 during the quarter.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, December 5th. Lundin Gold’s dividend payout ratio is 82.95%.

Insider Activity

In related news, Senior Officer Terrence Smith sold 25,740 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$29.52, for a total transaction of C$759,826.78. Also, Senior Officer Chester See sold 14,900 shares of Lundin Gold stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total transaction of C$448,490.00. Insiders have sold a total of 56,840 shares of company stock worth $1,686,209 over the last three months. 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.