Cormark Comments on Lundin Gold's FY2025 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG - Free Report) - Analysts at Cormark boosted their FY2025 earnings per share (EPS) estimates for shares of Lundin Gold in a research note issued to investors on Friday, July 11th. Cormark analyst N. Dion now expects that the company will post earnings per share of $3.63 for the year, up from their prior forecast of $3.52. Cormark has a "Hold" rating on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share. Cormark also issued estimates for Lundin Gold's FY2026 earnings at $3.12 EPS.

Several other brokerages have also recently issued reports on LUG. Veritas cut Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, June 9th. Jefferies Financial Group boosted their target price on Lundin Gold from C$36.00 to C$45.00 in a research note on Friday, April 4th. CIBC boosted their target price on Lundin Gold from C$44.00 to C$46.00 in a research note on Thursday, April 17th. National Bank Financial cut Lundin Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. Finally, Raymond James Financial boosted their target price on Lundin Gold from C$32.00 to C$43.00 in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of C$51.64.

Lundin Gold Stock Performance

Shares of LUG traded down C$1.17 during midday trading on Monday, hitting C$64.18. The company had a trading volume of 1,102,945 shares, compared to its average volume of 673,094. The company's 50-day simple moving average is C$67.59 and its 200-day simple moving average is C$51.31. The firm has a market capitalization of C$10.96 billion, a P/E ratio of 36.03 and a beta of 1.23. Lundin Gold has a 1 year low of C$21.51 and a 1 year high of C$75.19.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 25th were given a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, June 10th. Lundin Gold's dividend payout ratio (DPR) is 60.06%.

Insiders Place Their Bets

In other Lundin Gold news, Senior Officer Sheila Margaret Colman sold 1,400 shares of Lundin Gold stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of C$75.05, for a total transaction of C$105,070.00. Also, Senior Officer Terrence Smith sold 40,656 shares of Lundin Gold stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$64.06, for a total value of C$2,604,423.36. Insiders have sold a total of 65,056 shares of company stock valued at $4,166,044 over the last quarter. Company 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.