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

Lundin Gold Inc. (TSE:LUG) – Scotiabank upped their FY2027 earnings estimates for Lundin Gold in a note issued to investors on Wednesday, April 1st. Scotiabank analyst O. Habib now forecasts that the company will earn $4.70 per share for the year, up from their prior estimate of $4.63. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Several other research analysts also recently commented on LUG. TD Securities raised their price objective on Lundin Gold from C$95.00 to C$114.00 in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce increased their price target on Lundin Gold from C$123.00 to C$141.00 in a research report on Wednesday, February 4th. Royal Bank Of Canada raised their price target on Lundin Gold from C$91.00 to C$113.00 in a research note on Thursday, March 12th. Jefferies Financial Group lifted their price objective on Lundin Gold from C$96.00 to C$111.00 in a report on Monday, December 8th. Finally, Cormark upped their price objective on shares of Lundin Gold from C$100.00 to C$115.00 in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of C$98.17.

Lundin Gold Stock Performance

Shares of TSE:LUG opened at C$111.41 on Friday. The firm’s 50 day simple moving average is C$109.94 and its 200-day simple moving average is C$107.28. Lundin Gold has a one year low of C$40.71 and a one year high of C$130.98. The firm has a market cap of C$26.93 billion, a PE ratio of 34.07 and a beta of 1.30.

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

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th were given a $1.1642 dividend. This represents a $4.66 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, March 11th. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.71. Lundin Gold’s dividend payout ratio is presently 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.