Q1 Earnings Estimate for Lundin Gold Issued By Desjardins

Lundin Gold Inc. (TSE:LUG - Free Report) - Stock analysts at Desjardins issued their Q1 2025 EPS estimates for Lundin Gold in a report released on Tuesday, April 22nd. Desjardins analyst A. Carson anticipates that the company will earn $0.82 per share for the quarter. Desjardins currently has a "Buy" rating and a $42.00 target price on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

Other equities analysts have also recently issued reports about the company. Cibc World Mkts cut Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. CIBC upped their target price on shares of Lundin Gold from C$44.00 to C$46.00 in a report on Thursday, April 17th. Cormark lowered Lundin Gold from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Jefferies Financial Group lifted their target price on Lundin Gold from C$36.00 to C$45.00 in a research report on Friday, April 4th. Finally, Royal Bank of Canada raised their price objective on Lundin Gold from C$37.00 to C$42.00 in a research note on Friday, April 4th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$42.20.

Lundin Gold Stock Up 0.2 %

TSE:LUG traded up C$0.11 on Friday, hitting C$56.26. The stock had a trading volume of 192,127 shares, compared to its average volume of 471,202. Lundin Gold has a 52 week low of C$18.14 and a 52 week high of C$60.35. The business's fifty day moving average is C$46.22 and its 200 day moving average is C$38.06. The company has a market cap of C$9.60 billion, a PE ratio of 31.58 and a beta of 1.23.

Lundin Gold Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.06%. 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 presently 60.06%.

Insiders Place Their Bets

In related news, Senior Officer Sheila Margaret Colman sold 14,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of C$40.40, for a total value of C$585,824.65. Also, Senior Officer Chester See sold 5,800 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of C$40.92, for a total value of C$237,321.50. Insiders sold a total of 133,150 shares of company stock worth $5,499,984 in the last quarter. 58.72% of the stock is owned by company insiders.

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.