Scotiabank Analysts Raise Earnings Estimates for Lundin Gold

Lundin Gold Inc. (TSE:LUG) – Analysts at Scotiabank boosted their FY2027 EPS estimates for Lundin Gold in a report released on Wednesday, April 1st. Scotiabank analyst O. Habib now expects that the company will post earnings of $4.70 per share for the year, up from their previous estimate of $4.63. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Other equities research analysts also recently issued reports about the company. Cormark upped their target price on Lundin Gold from C$100.00 to C$115.00 in a report on Wednesday, January 14th. Royal Bank Of Canada boosted their price objective on Lundin Gold from C$91.00 to C$113.00 in a report on Thursday, March 12th. TD Securities upped their price objective on shares of Lundin Gold from C$95.00 to C$114.00 in a research note on Thursday, January 22nd. Jefferies Financial Group raised their target price on shares of Lundin Gold from C$96.00 to C$111.00 in a report on Monday, December 8th. Finally, BMO Capital Markets cut their price target on shares of Lundin Gold from C$128.00 to C$119.00 in a report on Monday, February 23rd. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of C$98.17.

Lundin Gold Price Performance

Shares of TSE LUG opened at C$111.41 on Friday. The stock’s fifty day simple moving average is C$109.75 and its 200 day simple moving average is C$107.45. The stock has a market capitalization of C$26.93 billion, a price-to-earnings ratio of 34.07 and a beta of 1.30. Lundin Gold has a 52-week low of C$40.71 and a 52-week high of C$130.98.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Friday, February 20th. The company reported C$1.33 EPS for the quarter. The company had revenue of C$697.82 million during the quarter. Lundin Gold had a return on equity of 60.01% and a net margin of 44.42%.

Lundin Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 26th were paid a $1.1642 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $4.66 annualized dividend and a yield of 4.2%. This is an increase from Lundin Gold’s previous quarterly dividend of $0.71. Lundin Gold’s dividend payout ratio (DPR) is currently 71.56%.

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.