Scotiabank Has Positive View of Lundin Gold FY2025 Earnings

Lundin Gold Inc. (TSE:LUG) – Investment analysts at Scotiabank upped their FY2025 earnings estimates for Lundin Gold in a research note issued to investors on Tuesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will earn $3.43 per share for the year, up from their previous forecast of $3.27. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. Scotiabank also issued estimates for Lundin Gold’s FY2025 earnings at $3.43 EPS.

A number of other research firms have also issued reports on LUG. TD Securities lowered Lundin Gold from a “strong-buy” rating to a “hold” rating and raised their price target for the stock from C$65.00 to C$73.00 in a report on Wednesday. Veritas downgraded shares of Lundin Gold from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, June 9th. Raymond James Financial lifted their price target on shares of Lundin Gold from C$32.00 to C$43.00 in a research report on Friday, April 4th. BMO Capital Markets lifted their price target on shares of Lundin Gold from C$45.00 to C$62.00 in a research report on Friday, May 9th. Finally, National Bank Financial cut shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. According to MarketBeat, Lundin Gold has a consensus rating of “Hold” and an average price target of C$54.18.

Lundin Gold Price Performance

TSE LUG opened at C$64.08 on Friday. Lundin Gold has a 1 year low of C$21.51 and a 1 year high of C$75.19. The company has a market capitalization of C$10.94 billion, a PE ratio of 35.97 and a beta of 1.23. The company has a fifty day moving average of C$67.52 and a two-hundred day moving average of C$51.54.

Insider Activity

In other news, Senior Officer Sheila Margaret Colman sold 1,400 shares of the business’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of C$75.05, for a total transaction of C$105,070.00. Also, Senior Officer Terrence Smith sold 40,656 shares of the business’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$64.06, for a total transaction of C$2,604,423.36. Insiders sold 65,056 shares of company stock valued at $4,166,044 in the last ninety days. Company insiders own 58.72% of the company’s stock.

Lundin Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 25th were paid a $0.2075 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.83 annualized dividend and a yield of 1.30%. Lundin Gold’s payout ratio is currently 60.06%.

About Lundin Gold

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.