FY2027 EPS Estimates for Lundin Gold Boosted by Scotiabank

Key Points

• FY2027 EPS estimate from Scotiabank was raised to $4.70 (from $4.63), while the consensus for Lundin Gold's current full-year earnings stands at $2.56 per share.
• Quarterly dividend was increased to $1.1642 (from $0.71), representing an annualized $4.66 payout and a 4.2% yield with a payout ratio of 71.56%.
• Despite several banks raising price targets, MarketBeat's consensus rating is Reduce with a C$98.17 target, below the current share price (~C$111.41) and amid a P/E of 34.07.

Lundin Gold Inc. (TSE:LUG - Free Report) - Research analysts at Scotiabank increased their FY2027 earnings per share estimates for Lundin Gold in a research report issued on Wednesday, April 1st. Scotiabank analyst O. Habib now expects that the company will post earnings of $4.70 per share for the year, up from their previous estimate of $4.63. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

Lundin Gold (TSE:LUG - Get Free Report) last released its quarterly earnings results on Friday, February 20th. The company reported C$1.33 earnings per share for the quarter. The business had revenue of C$697.82 million during the quarter. Lundin Gold had a return on equity of 60.01% and a net margin of 44.42%.

Other equities research analysts also recently issued research reports about the stock. TD Securities upped their price target on shares of Lundin Gold from C$95.00 to C$114.00 in a research note on Thursday, January 22nd. Jefferies Financial Group lifted their price objective on shares of Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. BMO Capital Markets decreased their target price on shares of Lundin Gold from C$128.00 to C$119.00 in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce increased their price target on shares of Lundin Gold from C$123.00 to C$141.00 in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada lifted their price target on Lundin Gold from C$91.00 to C$113.00 in a research report on Thursday, March 12th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lundin Gold presently has an average rating of "Reduce" and a consensus target price of C$98.17.

Lundin Gold Stock Performance

TSE LUG opened at C$111.41 on Friday. The stock has a 50 day moving average price of C$109.94 and a 200-day moving average price of C$107.28. Lundin Gold has a one year low of C$40.71 and a one year high of C$130.98. The company has a market capitalization of C$26.93 billion, a P/E ratio of 34.07 and a beta of 1.30.

Lundin Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th were paid a dividend of $1.1642 per share. This is a positive change from Lundin Gold's previous quarterly dividend of $0.71. This represents a $4.66 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, March 11th. Lundin Gold's payout ratio is currently 71.56%.

Lundin Gold Company Profile

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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