Brokers Offer Predictions for Lundin Gold FY2027 Earnings

Key Points

• Scotiabank nudged up its FY2027 earnings estimate for Lundin Gold to $4.71 per share (from $4.70), while the consensus for the current full year remains much lower at $2.56 per share.
• Several brokers have revised price targets recently (e.g., CIBC to C$141, Cormark to C$115, RBC to C$113), but MarketBeat's consensus rating is "Reduce" with a consensus price target of C$98.17.
• Lundin increased its quarterly dividend to $1.1642 per share (annualized $4.66), yielding about 4.6% and implying a payout ratio of 71.56%, up from the prior quarterly payout of $0.71.

Lundin Gold Inc. (TSE:LUG - Free Report) - Equities researchers at Scotiabank raised their FY2027 earnings estimates for Lundin Gold in a report issued on Thursday, April 23rd. Scotiabank analyst O. Habib now forecasts that the company will earn $4.71 per share for the year, up from their previous estimate of $4.70. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

Lundin Gold (TSE:LUG - Get Free Report) last announced its quarterly earnings results on Friday, February 20th. The company reported C$1.33 earnings per share (EPS) for the quarter. The company had revenue of C$697.83 million during the quarter. Lundin Gold had a net margin of 44.42% and a return on equity of 60.01%.

A number of other research firms also recently weighed in on LUG. Canadian Imperial Bank of Commerce increased their price objective on Lundin Gold from C$123.00 to C$141.00 in a report on Wednesday, February 4th. Cormark increased their price objective on Lundin Gold from C$100.00 to C$115.00 in a report on Wednesday, January 14th. Royal Bank Of Canada increased their price objective on Lundin Gold from C$91.00 to C$113.00 in a report on Thursday, March 12th. BMO Capital Markets decreased their price objective on Lundin Gold from C$128.00 to C$119.00 in a report on Monday, February 23rd. Finally, TD Securities increased their price objective on Lundin Gold from C$95.00 to C$114.00 in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Lundin Gold presently has a consensus rating of "Reduce" and a consensus price target of C$98.17.

Lundin Gold Price Performance

TSE LUG opened at C$101.60 on Monday. The company has a market capitalization of C$24.56 billion, a price-to-earnings ratio of 31.07 and a beta of 1.58. Lundin Gold has a twelve month low of C$52.23 and a twelve month high of C$130.98. The stock has a fifty day simple moving average of C$110.21 and a 200 day simple moving average of C$109.98.

Lundin Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th were given a dividend of $1.1642 per share. This represents a $4.66 dividend on an annualized basis and a yield of 4.6%. This is an increase from Lundin Gold's previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Wednesday, March 11th. Lundin Gold's payout ratio is currently 71.56%.

About Lundin Gold

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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