FY2025 EPS Estimates for Lundin Gold Reduced by Analyst

Key Points

• Analysts at National Bank Financial have reduced their FY2025 earnings per share forecast for Lundin Gold Inc. to $3.92, slightly down from the previous estimate of $3.93, while maintaining a "Hold" rating on the stock.
• Lundin Gold has recently faced a series of downgrades, with changes in ratings from "outperform" to "sector perform" and revisions in target prices from multiple analysts.
• The company declared a quarterly dividend of $0.2075 per share, which equates to an annualized yield of 1.0%, and reported a dividend payout ratio of 60.06%.

Lundin Gold Inc. (TSE:LUG - Free Report) - Analysts at National Bank Financial cut their FY2025 earnings per share estimates for shares of Lundin Gold in a research note issued on Monday, August 11th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $3.92 per share for the year, down from their prior estimate of $3.93. National Bank Financial currently 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 FY2029 earnings at $2.96 EPS.

Other research analysts have also recently issued research reports about the stock. National Bankshares cut shares of Lundin Gold from an "outperform" rating to a "sector perform" rating and increased their target price for the stock from C$67.75 to C$89.00 in a report on Tuesday, June 24th. CIBC upped their price objective on shares of Lundin Gold from C$44.00 to C$46.00 in a research report on Thursday, April 17th. Veritas downgraded shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, June 9th. Cormark cut shares of Lundin Gold from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, TD Securities downgraded shares of Lundin Gold from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from C$65.00 to C$73.00 in a report on Wednesday, July 16th. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$54.18.

Lundin Gold Stock Up 2.9%

TSE:LUG opened at C$79.69 on Wednesday. Lundin Gold has a twelve month low of C$24.26 and a twelve month high of C$83.78. The stock's 50-day simple moving average is C$69.83 and its 200 day simple moving average is C$55.81. The firm has a market capitalization of C$13.60 billion, a PE ratio of 44.73 and a beta of 1.23.

Lundin Gold Cuts Dividend

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

Insider Buying and Selling at Lundin Gold

In other news, Senior Officer Terrence Smith sold 40,656 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was 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 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 value of C$105,070.00. In the last quarter, insiders have sold 57,056 shares of company stock worth $3,706,044. Insiders own 58.72% of the company's stock.

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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