FY2025 EPS Estimates for Lundin Gold Increased by Scotiabank

Lundin Gold Inc. (TSE:LUG - Free Report) - Scotiabank increased their FY2025 EPS estimates for Lundin Gold in a research note issued on Tuesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $3.43 for the year, up from their prior estimate of $3.27. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share. Scotiabank also issued estimates for Lundin Gold's FY2025 earnings at $3.43 EPS.

A number of other brokerages have also commented on LUG. CIBC upped their target price on Lundin Gold from C$44.00 to C$46.00 in a research report on Thursday, April 17th. National Bank Financial lowered Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. BMO Capital Markets upped their price objective on Lundin Gold from C$45.00 to C$62.00 in a research report on Friday, May 9th. Cormark lowered Lundin Gold from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Veritas lowered Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$54.18.

Lundin Gold Price Performance

Lundin Gold stock traded up C$1.22 during trading hours 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 company has a market cap of C$11.15 billion, a price-to-earnings ratio of 36.66 and a beta of 1.23. The business's 50 day moving average price is C$67.52 and its 200-day moving average price is C$51.82. Lundin Gold has a 52 week low of C$21.51 and a 52 week high of C$75.19.

Insider Activity

In related news, Director Pablo Mir sold 15,000 shares of Lundin Gold stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of C$66.44, for a total value of C$996,550.50. Also, Senior Officer Sheila Margaret Colman sold 1,400 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of C$75.05, for a total value of C$105,070.00. Over the last 90 days, insiders have sold 65,056 shares of company stock valued at $4,166,044. Company insiders own 58.72% of the company's stock.

Lundin Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th were issued a $0.2075 dividend. 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 payout ratio is currently 60.06%.

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.