FY2025 Earnings Forecast for Lundin Gold Issued By Cormark

Key Points

• Cormark has reduced its FY2025 earnings estimate for Lundin Gold to **$3.58 per share**, down from **$3.63**, maintaining a "Hold" rating on the stock.
• Analysts' ratings vary, with **one sell rating**, **twelve hold ratings**, and target prices ranging from **C$44.00 to C$89.00**.
• Lundin Gold recently declared a quarterly dividend of **$0.2075 per share**, amounting to an annualized yield of **1.0%** and a payout ratio of **60.06%**.

Lundin Gold Inc. (TSE:LUG - Free Report) - Equities researchers at Cormark reduced their FY2025 earnings estimates for Lundin Gold in a research report issued on Monday, August 11th. Cormark analyst N. Dion now expects that the company will post earnings of $3.58 per share for the year, down from their prior estimate of $3.63. Cormark has a "Hold" rating on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

A number of other analysts have also recently commented on the stock. BMO Capital Markets boosted their target price on shares of Lundin Gold from C$45.00 to C$62.00 in a research note on Friday, May 9th. National Bank Financial cut shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. CIBC boosted their target price on shares of Lundin Gold from C$44.00 to C$46.00 in a research note on Thursday, April 17th. National Bankshares cut shares of Lundin Gold from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from C$67.75 to C$89.00 in a research note on Tuesday, June 24th. Finally, Veritas cut shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, June 9th. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$54.18.

Lundin Gold Stock Performance

LUG opened at C$79.69 on Wednesday. The stock has a market capitalization of C$13.60 billion, a price-to-earnings ratio of 44.73 and a beta of 1.23. The company has a fifty day moving average of C$69.83 and a two-hundred day moving average of C$55.81. Lundin Gold has a fifty-two week low of C$24.26 and a fifty-two week high of C$83.78.

Insider Buying and Selling

In related news, Senior Officer Terrence Smith sold 40,656 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$64.06, for a total transaction of C$2,604,423.36. Also, Senior Officer Sheila Margaret Colman sold 1,400 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$75.05, for a total transaction of C$105,070.00. Over the last three months, insiders have sold 57,056 shares of company stock worth $3,706,044. 58.72% of the stock is owned by insiders.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th were given a dividend of $0.2075 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.83 dividend on an annualized basis and a yield of 1.0%. Lundin Gold's payout ratio is presently 60.06%.

About Lundin Gold

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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