Scotiabank Has Negative View of Lundin Gold FY2027 Earnings

Lundin Gold Inc. (TSE:LUG) – Scotiabank lowered their FY2027 earnings per share (EPS) estimates for Lundin Gold in a research report issued on Thursday, February 26th. Scotiabank analyst O. Habib now expects that the company will earn $4.63 per share for the year, down from their previous forecast of $4.68. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Lundin Gold (TSE:LUG) last issued its quarterly earnings results on Friday, February 20th. The company reported C$1.33 earnings per share for the quarter. The firm had revenue of C$697.82 million for the quarter. Lundin Gold had a return on equity of 29.88% and a net margin of 29.56%.

Several other equities research analysts also recently commented on LUG. TD Securities upped their price target on shares of Lundin Gold from C$95.00 to C$114.00 in a research report on Thursday, January 22nd. Cormark increased their target price on Lundin Gold from C$100.00 to C$115.00 in a report on Wednesday, January 14th. Canaccord Genuity Group raised their target price on Lundin Gold from C$103.00 to C$108.00 in a research report on Wednesday, November 12th. BMO Capital Markets dropped their price target on Lundin Gold from C$128.00 to C$119.00 in a research report on Monday, February 23rd. Finally, Canadian Imperial Bank of Commerce raised their price objective on Lundin Gold from C$123.00 to C$141.00 in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of C$93.25.

Lundin Gold Price Performance

Shares of LUG opened at C$128.57 on Monday. The company has a 50-day moving average of C$114.52 and a two-hundred day moving average of C$103.83. The stock has a market cap of C$31.08 billion, a price-to-earnings ratio of 45.43 and a beta of 1.02. Lundin Gold has a one year low of C$37.86 and a one year high of C$129.30.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 22nd were given a dividend of $0.7058 per share. The ex-dividend date of this dividend was Friday, December 5th. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.68. This represents a $2.82 dividend on an annualized basis and a yield of 2.2%. Lundin Gold’s payout ratio 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.