FY2025 EPS Estimates for Lundin Gold Boosted by Analyst

Key Points

• National Bank Financial has increased its FY2025 EPS estimate for Lundin Gold to $4.03, up from $3.92, while maintaining a "Hold" rating on the stock.
• The company's recent quarterly dividend of $0.675 marks a significant increase from the previous dividend of $0.21, leading to an annualized yield of 3.1%.
• In a series of rating changes, various analysts have downgraded their ratings on Lundin Gold, with the current consensus rating being "Reduce" and a price target of C$58.95.

Lundin Gold Inc. (TSE:LUG - Free Report) - Research analysts at National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for Lundin Gold in a report released on Tuesday, September 23rd. National Bank Financial analyst D. Demarco now forecasts that the company will earn $4.03 per share for the year, up from their previous estimate of $3.92. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share. National Bank Financial also issued estimates for Lundin Gold's FY2026 earnings at $4.54 EPS.

Several other equities research analysts also recently issued reports on LUG. Veritas downgraded shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, June 9th. Royal Bank Of Canada raised their price objective on shares of Lundin Gold from C$50.00 to C$54.00 in a research report on Wednesday, June 4th. Desjardins cut shares of Lundin Gold from a "moderate buy" rating to a "hold" rating and lifted their price objective for the company from C$62.00 to C$70.00 in a research note on Thursday, July 17th. National Bankshares cut shares of Lundin Gold from an "outperform" rating to a "sector perform" rating and lifted their price objective for the company from C$67.75 to C$89.00 in a research note on Tuesday, June 24th. Finally, TD Securities cut shares of Lundin Gold from a "strong-buy" rating to a "hold" rating and lifted their price objective for the company from C$65.00 to C$73.00 in a research note on Wednesday, July 16th. Eleven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lundin Gold currently has a consensus rating of "Reduce" and a consensus price target of C$58.95.

Lundin Gold Stock Performance

LUG opened at C$87.03 on Friday. Lundin Gold has a 52-week low of C$28.64 and a 52-week high of C$97.67. The firm has a market capitalization of C$21.00 billion, a PE ratio of 34.26 and a beta of 1.15. The business's 50-day simple moving average is C$79.31 and its 200 day simple moving average is C$66.02.

Insider Transactions at Lundin Gold

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

Lundin Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 25th were issued a $0.675 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Lundin Gold's previous quarterly dividend of $0.21. Lundin Gold's dividend payout ratio (DPR) is currently 45.28%.

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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