FY2027 EPS Estimates for Lundin Gold Decreased by Scotiabank

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

Several other brokerages also recently weighed in on LUG. Canadian Imperial Bank of Commerce increased their price target on shares of Lundin Gold from C$123.00 to C$141.00 in a report on Wednesday, February 4th. TD Securities upped their price objective on shares of Lundin Gold from C$95.00 to C$114.00 in a report on Thursday, January 22nd. Jefferies Financial Group increased their price objective on shares of Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. Canaccord Genuity Group raised their target price on shares of Lundin Gold from C$103.00 to C$108.00 in a report on Wednesday, November 12th. Finally, Cormark upped their price target on shares of Lundin Gold from C$100.00 to C$115.00 in a report on Wednesday, January 14th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lundin Gold currently has an average rating of “Reduce” and an average price target of C$93.25.

Lundin Gold Stock Down 7.8%

Lundin Gold stock opened at C$115.99 on Monday. Lundin Gold has a 52 week low of C$37.86 and a 52 week high of C$130.98. The company has a market capitalization of C$28.04 billion, a price-to-earnings ratio of 35.47 and a beta of 1.02. The stock has a 50-day moving average price of C$114.55 and a 200 day moving average price of C$104.41.

Lundin Gold (TSE:LUG) last issued its quarterly earnings results 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 company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 26th will be issued a dividend of $1.1642 per share. This represents a $4.66 dividend on an annualized basis and a yield of 4.0%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Wednesday, March 11th. Lundin Gold’s payout ratio 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.