Lundin Gold FY2025 EPS Reduced by National Bank Financial

Lundin Gold Inc. (TSE:LUG - Free Report) - Equities researchers at National Bank Financial dropped their FY2025 earnings per share (EPS) estimates for shares of Lundin Gold in a report released on Tuesday, July 15th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $3.93 for the year, down from their prior 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.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial lifted their price objective on Lundin Gold from C$32.00 to C$43.00 in a report on Friday, April 4th. Jefferies Financial Group lifted their price objective on Lundin Gold from C$36.00 to C$45.00 in a report on Friday, April 4th. National Bankshares cut Lundin Gold from an "outperform" rating to a "sector perform" rating and lifted their price objective for the stock from C$67.75 to C$89.00 in a report on Tuesday, June 24th. Veritas cut Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 9th. Finally, Cormark cut Lundin Gold from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Lundin Gold has a consensus rating of "Hold" and an average target price of C$51.64.

Lundin Gold Trading Up 1.1%

Shares of TSE LUG traded up C$0.71 during trading on Friday, reaching C$64.89. 19,433 shares of the company traded hands, compared to its average volume of 668,241. Lundin Gold has a 12-month low of C$21.51 and a 12-month high of C$75.19. The stock has a market cap of C$11.08 billion, a P/E ratio of 36.42 and a beta of 1.23. The firm's fifty day simple moving average is C$67.59 and its 200 day simple moving average is C$51.31.

Lundin Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 25th were issued a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, June 10th. Lundin Gold's dividend payout ratio is currently 60.06%.

Insiders Place Their Bets

In other news, Senior Officer Terrence Smith sold 40,656 shares of Lundin Gold stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$64.06, for a total value of C$2,604,423.36. Also, Director Pablo Mir sold 15,000 shares of Lundin Gold stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of C$66.44, for a total transaction of C$996,550.50. Insiders sold a total of 65,056 shares of company stock valued at $4,166,044 in the last ninety days. Corporate insiders own 58.72% of the company's stock.

Lundin Gold Company Profile

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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