FY2025 Earnings Estimate for Lundin Gold Issued By Cormark

Lundin Gold Inc. (TSE:LUG) – Research analysts at Cormark lifted their FY2025 earnings per share (EPS) estimates for shares of Lundin Gold in a research report issued to clients and investors on Monday, September 15th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $3.60 for the year, up from their prior estimate of $3.58. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Several other research firms have also recently weighed in on LUG. National Bank Financial cut Lundin Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 23rd. National Bankshares cut Lundin Gold from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$67.75 to C$89.00 in a research note on Tuesday, June 24th. Veritas cut Lundin Gold from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, June 9th. Royal Bank Of Canada lifted their price target on Lundin Gold from C$50.00 to C$54.00 in a report on Wednesday, June 4th. Finally, TD Securities lowered Lundin Gold from a “strong-buy” rating to a “hold” rating and lifted their price target for the company from C$65.00 to C$73.00 in a report on Wednesday, July 16th. Twelve equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of C$58.95.

Lundin Gold Price Performance

TSE:LUG opened at C$83.86 on Wednesday. Lundin Gold has a fifty-two week low of C$28.43 and a fifty-two week high of C$97.67. The stock’s 50-day moving average is C$76.92 and its two-hundred day moving average is C$64.08. The stock has a market cap of C$20.24 billion, a PE ratio of 33.02 and a beta of 1.15.

Lundin Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 25th will be issued a $0.675 dividend. This is an increase from Lundin Gold’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, September 10th. This represents a $2.70 annualized dividend and a yield of 3.2%. Lundin Gold’s dividend payout ratio is presently 45.28%.

Insider Buying and Selling

In other news, insider Chester See sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of C$83.30, for a total transaction of C$1,666,000.00. Following the completion of the transaction, the insider directly owned 132,571 shares in the company, valued at C$11,043,164.30. The trade was a 13.11% decrease in their ownership of the stock. Also, insider Sheila Margaret Colman sold 14,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of C$81.49, for a total value of C$1,189,754.00. Following the transaction, the insider owned 37,068 shares of the company’s stock, valued at approximately C$3,020,671.32. This trade represents a 28.26% decrease in their ownership of the stock. Over the last quarter, insiders have sold 36,000 shares of company stock valued at $2,960,824. Corporate insiders own 58.72% of the company’s stock.

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.