Cormark Has Positive Outlook for Lundin Gold FY2025 Earnings

Key Points

• Cormark analysts have raised their FY2025 earnings per share estimate for Lundin Gold to $3.84, up from a previous estimate of $3.60.
• Lundin Gold has declared a quarterly dividend of $0.675, increasing from their previous quarterly dividend of $0.21, reflecting a significant boost in shareholder returns.
• Insider transactions indicate a downward trend, with two insiders selling large quantities of shares, resulting in decreases of 13.11% and 28.26% in their respective holdings.

Lundin Gold Inc. (TSE:LUG - Free Report) - Investment analysts at Cormark lifted their FY2025 earnings per share estimates for Lundin Gold in a research report issued on Friday, October 10th. Cormark analyst N. Dion now expects that the company will post earnings per share of $3.84 for the year, up from their prior estimate of $3.60. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

LUG has been the topic of several other research reports. BMO Capital Markets raised their target price on shares of Lundin Gold from C$93.00 to C$104.00 in a research note on Thursday. Raymond James Financial raised their price objective on shares of Lundin Gold from C$65.00 to C$80.00 in a research note on Friday. National Bankshares cut Lundin Gold from an "outperform" rating to a "sector perform" rating and lifted their price target for the company from C$67.75 to C$89.00 in a research report on Tuesday, June 24th. National Bank Financial cut Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. Finally, CIBC lifted their price target on Lundin Gold from C$85.00 to C$116.00 in a research report on Friday. Eleven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of C$68.54.

Lundin Gold Stock Performance

Shares of LUG opened at C$93.06 on Monday. The firm has a market capitalization of C$22.46 billion, a price-to-earnings ratio of 36.64 and a beta of 1.26. The stock's fifty day moving average is C$85.39 and its 200-day moving average is C$70.11. Lundin Gold has a one year low of C$29.42 and a one year high of C$99.18.

Lundin Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 2.9%. This is a positive change from Lundin Gold's previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, September 10th. Lundin Gold's dividend payout ratio (DPR) is presently 45.28%.

Insiders Place Their Bets

In related news, insider Chester See sold 20,000 shares of Lundin Gold stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$83.30, for a total value of C$1,666,000.00. Following the transaction, the insider directly owned 132,571 shares in the company, valued at C$11,043,164.30. The trade was a 13.11% decrease in their position. Also, insider Sheila Margaret Colman sold 14,600 shares of Lundin Gold stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of C$81.49, for a total value of C$1,189,754.00. Following the completion of the transaction, the insider directly owned 37,068 shares in the company, valued at C$3,020,671.32. This represents a 28.26% decrease in their position. Insiders own 58.72% of the company's stock.

Lundin Gold Company Profile

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.

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