What is Cormark's Forecast for Lundin Gold FY2025 Earnings?

Key Points

• Cormark has revised its FY2025 earnings per share estimate for Lundin Gold to $3.60, slightly up from the previous estimate of $3.58, while the consensus for the current year sits at $2.56.
• Lundin Gold recently increased its quarterly dividend to $0.675, marking a significant rise from its previous dividend of $0.21, translating to an annual yield of 3.2%.
• Insider trading has been active, with insiders selling a total of 36,000 shares worth approximately $2.96 million in the last 90 days, impacting their ownership stakes significantly.

Lundin Gold Inc. (TSE:LUG - Free Report) - Equities researchers at Cormark lifted their FY2025 EPS estimates for Lundin Gold in a research report issued on Monday, September 15th. Cormark analyst N. Dion now forecasts that the company will post earnings of $3.60 per share for the year, up from their prior forecast of $3.58. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

A number of other equities analysts also recently commented on LUG. Veritas downgraded shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, June 9th. TD Securities lowered shares of Lundin Gold from a "strong-buy" rating to a "hold" rating and lifted their price target for the company from C$65.00 to C$73.00 in a report on Wednesday, July 16th. National Bankshares lowered shares of Lundin Gold from an "outperform" rating to a "sector perform" rating and upped their price target for the stock from C$67.75 to C$89.00 in a research note on Tuesday, June 24th. Desjardins lowered shares of Lundin Gold from a "moderate buy" rating to a "hold" rating and boosted their price target for the company from C$62.00 to C$70.00 in a report on Thursday, July 17th. Finally, National Bank Financial lowered shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. Twelve analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of C$58.95.

Lundin Gold Trading Up 3.5%

Shares of LUG stock traded up C$2.95 during trading hours on Wednesday, hitting C$87.21. The company's stock had a trading volume of 9,257,808 shares, compared to its average volume of 749,052. The business has a fifty day moving average of C$77.56 and a 200-day moving average of C$64.89. The stock has a market cap of C$21.04 billion, a price-to-earnings ratio of 34.33 and a beta of 1.15. Lundin Gold has a twelve month low of C$28.64 and a twelve month high of C$97.67.

Insider Activity

In other news, insider Chester See sold 20,000 shares of Lundin Gold stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of C$83.30, for a total transaction of C$1,666,000.00. Following the completion of the sale, the insider owned 132,571 shares in the company, valued at C$11,043,164.30. The trade was a 13.11% decrease in their position. Also, insider Sheila Margaret Colman sold 14,600 shares of Lundin Gold stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of C$81.49, for a total transaction of C$1,189,754.00. Following the completion of the transaction, the insider directly owned 37,068 shares in the company, valued at approximately C$3,020,671.32. The trade was a 28.26% decrease in their position. Insiders sold a total of 36,000 shares of company stock valued at $2,960,824 in the last 90 days. Corporate insiders own 58.72% of the company's stock.

Lundin Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, September 10th. This is a boost from Lundin Gold's previous quarterly dividend of $0.21. Lundin Gold's dividend payout ratio is 45.28%.

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.