National Bank Financial Forecasts Lundin Gold Q1 Earnings

Lundin Gold Inc. (TSE:LUG - Free Report) - Investment analysts at National Bank Financial issued their Q1 2025 earnings per share estimates for shares of Lundin Gold in a research report issued on Tuesday, April 22nd. National Bank Financial analyst D. Demarco expects that the company will post earnings per share of $0.90 for the quarter. 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 $3.78 EPS and FY2026 earnings at $3.71 EPS.

Several other research analysts have also recently commented on LUG. Scotiabank upped their target price on shares of Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. Royal Bank of Canada lifted their target price on Lundin Gold from C$37.00 to C$42.00 in a research note on Friday, April 4th. Desjardins increased their price target on Lundin Gold from C$38.00 to C$42.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. CIBC lifted their price objective on shares of Lundin Gold from C$44.00 to C$46.00 in a research note on Thursday, April 17th. Finally, Raymond James increased their target price on shares of Lundin Gold from C$32.00 to C$43.00 in a research report on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lundin Gold has an average rating of "Hold" and a consensus target price of C$42.20.

Lundin Gold Stock Up 0.2 %

LUG stock traded up C$0.11 during mid-day trading on Friday, reaching C$56.26. The company had a trading volume of 192,127 shares, compared to its average volume of 471,202. The stock's 50-day simple moving average is C$46.22 and its two-hundred day simple moving average is C$38.06. The stock has a market capitalization of C$9.60 billion, a P/E ratio of 31.58 and a beta of 1.23. Lundin Gold has a one year low of C$18.14 and a one year high of C$60.35.

Lundin Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.43 per share. This is an increase from Lundin Gold's previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, March 11th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.06%. Lundin Gold's payout ratio is currently 60.06%.

Insider Buying and Selling at Lundin Gold

In related news, Senior Officer Sheila Margaret Colman sold 9,900 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$41.74, for a total transaction of C$413,226.00. Also, Director Ronald F. Hochstein sold 88,750 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$41.42, for a total value of C$3,675,732.13. Insiders have sold a total of 133,150 shares of company stock valued at $5,499,984 in the last 90 days. 58.72% of the stock is currently owned by corporate insiders.

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.