Scotiabank Estimates Lundin Gold's FY2027 Earnings (TSE:LUG)

Key Points

• Scotiabank raised its FY2027 EPS estimate for Lundin Gold slightly to C$4.75 from C$4.74, well above the current full-year consensus estimate of C$2.56.
• Lundin Gold reported quarterly EPS of C$1.19 on revenue of C$678.7 million, with a 46.31% net margin and 81.63% return on equity.
• The company increased its quarterly dividend to C$1.0934, equivalent to C$4.37 annually and a 4.8% yield; analysts maintain a consensus “Buy” rating with an average price target of C$108.40.

Lundin Gold Inc. (TSE:LUG - Free Report) - Investment analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for shares of Lundin Gold in a note issued to investors on Tuesday, October 13th. Scotiabank analyst O. Habib now expects that the company will post earnings of $4.75 per share for the year, up from their previous forecast of $4.74. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

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

Several other brokerages have also recently issued reports on LUG. Jefferies Financial Group lowered their target price on shares of Lundin Gold from C$90.00 to C$88.00 in a report on Monday, July 6th. Royal Bank Of Canada reduced their price target on shares of Lundin Gold from C$98.00 to C$89.00 in a research report on Wednesday, September 16th. Desjardins decreased their price objective on shares of Lundin Gold from C$105.00 to C$100.00 and set a "buy" rating for the company in a research note on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on Lundin Gold from C$137.00 to C$131.00 in a report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$108.40.

Lundin Gold Price Performance

Shares of TSE LUG opened at C$91.18 on Thursday. The company has a market capitalization of C$22.05 billion, a price-to-earnings ratio of 23.68 and a beta of 1.69. The business has a 50-day moving average of C$93.60 and a two-hundred day moving average of C$90.81. Lundin Gold has a 1 year low of C$71.51 and a 1 year high of C$130.98.

Lundin Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were given a $1.0934 dividend. This is a positive change from Lundin Gold's previous quarterly dividend of $0.91. The ex-dividend date was Thursday, September 10th. This represents a $4.37 annualized dividend and a yield of 4.8%. Lundin Gold's payout ratio is currently 102.60%.

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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