FY2025 Earnings Estimate for Lundin Gold Inc. Issued By National Bank Financial (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Equities researchers at National Bank Financial upped their FY2025 EPS estimates for Lundin Gold in a report issued on Thursday, April 18th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of $2.20 for the year, up from their prior estimate of $2.11. The consensus estimate for Lundin Gold’s current full-year earnings is $1.36 per share.

A number of other equities analysts have also weighed in on the stock. Veritas Investment Research lifted their price target on shares of Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Jefferies Financial Group lifted their price target on shares of Lundin Gold from C$19.00 to C$23.00 and gave the company a “buy” rating in a report on Monday. Cormark lifted their price target on shares of Lundin Gold from C$22.00 to C$23.00 in a report on Friday, April 19th. Scotiabank lifted their price target on shares of Lundin Gold from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a report on Thursday, March 28th. Finally, Canaccord Genuity Group lifted their target price on shares of Lundin Gold from C$22.75 to C$23.25 in a report on Tuesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lundin Gold presently has a consensus rating of “Moderate Buy” and an average target price of C$22.25.

Lundin Gold Stock Up 0.5 %

Shares of LUG opened at C$19.00 on Monday. The firm has a market cap of C$4.52 billion, a PE ratio of 18.57 and a beta of 1.10. The company’s fifty day moving average is C$17.61 and its two-hundred day moving average is C$16.63. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$20.36. The company has a quick ratio of 1.41, a current ratio of 2.86 and a debt-to-equity ratio of 31.98.

Lundin Gold (TSE:LUG) last announced its earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The firm had revenue of C$259.63 million for the quarter. Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%.

Lundin Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were issued a dividend of $0.269 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.08 annualized dividend and a dividend yield of 5.66%. Lundin Gold’s payout ratio is 52.94%.

Insider Buying and Selling

In related news, Director Ronald F. Hochstein sold 100,000 shares of Lundin Gold stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. 59.46% of the stock is currently owned by insiders.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.