Q1 Earnings Forecast for Lundin Gold Issued By Cormark

Lundin Gold Inc. (TSE:LUG - Free Report) - Cormark issued their Q1 2025 earnings estimates for shares of Lundin Gold in a report released on Tuesday, April 22nd. Cormark analyst N. Dion expects that the company will post earnings per share of $0.85 for the quarter. Cormark has a "Hold" rating on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

LUG has been the subject of a number of other research reports. Scotiabank lifted their target price on shares of Lundin Gold from C$30.00 to C$31.50 in a research note on Wednesday, January 15th. Desjardins lifted their target price on shares of Lundin Gold from C$38.00 to C$42.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Cibc World Mkts lowered shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 20th. CIBC lifted their target price on shares of Lundin Gold from C$44.00 to C$46.00 in a research note on Thursday, April 17th. Finally, Royal Bank of Canada lifted their target price on shares of Lundin Gold from C$37.00 to C$42.00 in a research note on Friday, April 4th. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Lundin Gold presently has a consensus rating of "Hold" and a consensus price target of C$42.20.

Lundin Gold Price Performance

Lundin Gold stock traded up C$0.65 during midday trading on Thursday, reaching C$56.59. The stock had a trading volume of 186,766 shares, compared to its average volume of 471,155. The firm's fifty day simple moving average is C$45.86 and its two-hundred day simple moving average is C$37.94. Lundin Gold has a twelve month low of C$18.14 and a twelve month high of C$60.35. The firm has a market cap of C$9.66 billion, a price-to-earnings ratio of 31.77 and a beta of 1.23.

Insiders Place Their Bets

In other news, Director Ian Gibbs sold 14,200 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$41.40, for a total value of C$587,880.00. Also, Senior Officer Chester See sold 5,800 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$40.92, for a total value of C$237,321.50. In the last quarter, insiders sold 133,150 shares of company stock worth $5,499,984. 58.72% of the stock is currently owned by company insiders.

Lundin Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 26th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.04%. This is a positive change from Lundin Gold's previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, March 11th. Lundin Gold's payout ratio is currently 60.06%.

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.