FY2025 EPS Estimate for Lundin Gold Cut by Analyst

Lundin Gold Inc. (TSE:LUG - Free Report) - Equities research analysts at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for shares of Lundin Gold in a research note issued to investors on Tuesday, July 15th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $3.93 per share for the year, down from their previous forecast of $4.11. 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 FY2025 earnings at $3.93 EPS.

LUG has been the subject of several other research reports. Cormark cut Lundin Gold from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Veritas cut Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 9th. TD Securities cut Lundin Gold from a "strong-buy" rating to a "hold" rating and upped their price target for the company from C$65.00 to C$73.00 in a report on Wednesday, July 16th. CIBC upped their price target on Lundin Gold from C$44.00 to C$46.00 in a report on Thursday, April 17th. Finally, National Bankshares cut Lundin Gold from an "outperform" rating to a "sector perform" rating and upped their price target for the company from C$67.75 to C$89.00 in a report on Tuesday, June 24th. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of C$54.18.

Lundin Gold Trading Up 1.9%

TSE LUG traded up C$1.22 on Friday, reaching C$65.30. The stock had a trading volume of 857,357 shares, compared to its average volume of 674,548. The business has a 50 day moving average price of C$67.52 and a 200 day moving average price of C$51.82. Lundin Gold has a 1 year low of C$21.51 and a 1 year high of C$75.19. The company has a market capitalization of C$11.15 billion, a price-to-earnings ratio of 36.66 and a beta of 1.23.

Lundin Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th were issued a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Tuesday, June 10th. Lundin Gold's dividend payout ratio is presently 60.06%.

Insider Activity

In other Lundin Gold news, Senior Officer Sheila Margaret Colman sold 1,400 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of C$75.05, for a total transaction of C$105,070.00. Also, Director Pablo Mir sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$66.44, for a total transaction of C$996,550.50. Over the last ninety days, insiders sold 65,056 shares of company stock worth $4,166,044. Corporate 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.