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

Lundin Gold Inc. (TSE:LUG) – Investment analysts at Cormark increased their FY2025 EPS estimates for shares of Lundin Gold in a research note issued on Monday, April 14th. Cormark analyst N. Dion now expects that the company will post earnings of $2.80 per share for the year, up from their prior forecast of $2.39. Cormark currently has a “Buy” rating and a $54.00 target price on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

LUG has been the subject of a number of other reports. TD Securities boosted their target price on shares of Lundin Gold from C$46.00 to C$58.00 in a research note on Tuesday. Cibc World Mkts downgraded shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 20th. Raymond James lifted their target price on Lundin Gold from C$32.00 to C$43.00 in a report on Friday, April 4th. CIBC lowered Lundin Gold from an “outperform” rating to a “neutral” rating and raised their target price for the stock from C$41.00 to C$44.00 in a report on Thursday, March 20th. Finally, Desjardins lifted their price target 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 equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$42.00.

Lundin Gold Price Performance

Shares of TSE LUG opened at C$56.90 on Wednesday. The business’s 50 day moving average is C$42.43 and its two-hundred day moving average is C$36.25. The stock has a market capitalization of C$9.71 billion, a P/E ratio of 31.94 and a beta of 1.23. Lundin Gold has a 1-year low of C$18.14 and a 1-year high of C$57.10.

Lundin Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.02%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. Lundin Gold’s payout ratio is presently 60.06%.

Insider Activity at Lundin Gold

In other news, Senior Officer Chester See sold 5,800 shares of Lundin Gold 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, Senior Officer Sheila Margaret Colman sold 9,900 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$41.74, for a total transaction of C$413,226.00. In the last 90 days, insiders have sold 133,150 shares of company stock worth $5,499,984. 58.72% of the stock is currently owned by corporate insiders.

Lundin Gold Company Profile

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.