Scotiabank Forecasts Lundin Gold’s FY2027 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Analysts at Scotiabank decreased their FY2027 earnings estimates for shares of Lundin Gold in a research note issued to investors on Thursday, February 19th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $4.68 per share for the year, down from their prior estimate of $4.70. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

A number of other analysts have also weighed in on LUG. Cormark increased their target price on Lundin Gold from C$100.00 to C$115.00 in a research note on Wednesday, January 14th. Canaccord Genuity Group upped their price target on shares of Lundin Gold from C$103.00 to C$108.00 in a report on Wednesday, November 12th. TD Securities raised their price target on shares of Lundin Gold from C$95.00 to C$114.00 in a research note on Thursday, January 22nd. BMO Capital Markets lifted their price objective on shares of Lundin Gold from C$118.00 to C$125.00 in a report on Tuesday, January 13th. Finally, Jefferies Financial Group upped their target price on shares of Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lundin Gold presently has a consensus rating of “Reduce” and an average target price of C$93.75.

Lundin Gold Stock Performance

Shares of TSE LUG opened at C$108.16 on Friday. Lundin Gold has a fifty-two week low of C$37.86 and a fifty-two week high of C$125.75. The company has a market cap of C$26.14 billion, a price-to-earnings ratio of 38.22 and a beta of 1.02. The business’s 50 day moving average price is C$113.63 and its 200-day moving average price is C$101.84.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Thursday, February 19th. The company reported C$1.33 earnings per share (EPS) for the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. The business had revenue of C$697.82 million during the quarter.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 22nd were issued a $0.7058 dividend. The ex-dividend date was Friday, December 5th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.68. Lundin Gold’s dividend payout ratio (DPR) is 61.48%.

Lundin Gold Company Profile

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.