Cormark Comments on Lundin Gold Inc.’s FY2025 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Equities researchers at Cormark lowered their FY2025 earnings per share (EPS) estimates for Lundin Gold in a research report issued on Thursday, October 10th. Cormark analyst N. Dion now expects that the company will post earnings per share of $2.18 for the year, down from their prior forecast of $2.19. Cormark has a “Hold” rating and a $32.00 price objective on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

A number of other equities analysts have also recently commented on LUG. National Bankshares lifted their price target on Lundin Gold from C$30.75 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Raymond James cut Lundin Gold from an “outperform” rating to a “market perform” rating and increased their price target for the company from C$25.00 to C$29.00 in a research note on Monday, September 23rd. TD Securities upped their price objective on shares of Lundin Gold from C$24.00 to C$27.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. National Bank Financial upgraded shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, July 7th. Finally, Royal Bank of Canada upped their price target on shares of Lundin Gold from C$25.00 to C$27.00 in a research note on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$28.33.

Lundin Gold Stock Performance

Shares of LUG opened at C$33.11 on Monday. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41. The firm has a 50-day moving average of C$27.78 and a 200-day moving average of C$22.93. The company has a market cap of C$7.95 billion, a PE ratio of 25.67 and a beta of 1.23. Lundin Gold has a one year low of C$14.23 and a one year high of C$33.35.

Lundin Gold (TSE:LUG) last released its earnings results on Thursday, August 8th. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate of C$0.62 by C($0.07). Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The firm had revenue of C$412.43 million during the quarter.

Insider Activity

In related news, Senior Officer Terrence Smith sold 25,740 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$29.52, for a total transaction of C$759,826.78. In related news, Senior Officer Terrence Smith sold 25,740 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$29.52, for a total value of C$759,826.78. Also, Director Ronald F. Hochstein sold 16,200 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$29.50, for a total transaction of C$477,891.90. Over the last ninety days, insiders sold 72,840 shares of company stock worth $2,146,122. Corporate insiders own 58.72% of the company’s stock.

Lundin Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.551 per share. The ex-dividend date was Tuesday, September 10th. This is a boost from Lundin Gold’s previous quarterly dividend of $0.10. This represents a $2.20 annualized dividend and a dividend yield of 6.66%. Lundin Gold’s dividend payout ratio (DPR) is currently 82.95%.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.