Analysts Set Expectations for Lundin Gold FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 earnings estimate for Lundin Gold to C$4.74 per share from C$4.66, well above the current full-year consensus estimate of C$2.56.
• Analyst sentiment remains positive, with Lundin Gold carrying an average “Buy” rating and a consensus price target of C$101.33, despite several firms recently lowering their targets.
• Lundin Gold reported C$1.19 in quarterly EPS and C$678.70 million in revenue, while its shares opened at C$100.80; the company’s annualized dividend is C$3.64, yielding 3.6%.

Lundin Gold Inc. (TSE:LUG - Free Report) - Scotiabank upped their FY2027 earnings estimates for shares of Lundin Gold in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst O. Habib now expects that the company will earn $4.74 per share for the year, up from their prior forecast of $4.66. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

LUG has been the subject of several other reports. Jefferies Financial Group lowered their price objective on Lundin Gold from C$90.00 to C$88.00 in a report on Monday, July 6th. Desjardins reduced their target price on Lundin Gold from C$105.00 to C$100.00 and set a "buy" rating on the stock in a report on Monday, July 27th. Canadian Imperial Bank of Commerce decreased their target price on Lundin Gold from C$137.00 to C$131.00 in a research report on Monday, August 10th. Finally, ATB Cormark Capital Markets upgraded Lundin Gold from a "sector perform" rating to an "outperform" rating and set a C$130.00 price target for the company in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Lundin Gold presently has an average rating of "Buy" and a consensus target price of C$101.33.

Lundin Gold Stock Performance

Shares of Lundin Gold stock opened at C$100.80 on Monday. Lundin Gold has a 1 year low of C$71.51 and a 1 year high of C$130.98. The firm's 50-day simple moving average is C$82.50 and its 200-day simple moving average is C$94.99. The firm has a market cap of C$24.38 billion, a PE ratio of 26.18 and a beta of 1.62.

Lundin Gold (TSE:LUG - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The company had revenue of C$678.70 million during the quarter. Lundin Gold had a net margin of 46.31% and a return on equity of 81.63%.

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Wednesday, June 10th. Lundin Gold's dividend payout ratio (DPR) is presently 102.60%.

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.

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