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

Lundin Gold Inc. (TSE:LUG) – Cormark lowered their FY2025 earnings estimates for shares of Lundin Gold in a report issued on Thursday, October 10th. Cormark analyst N. Dion now anticipates that the company will earn $2.18 per share 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.

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

LUG has been the topic of several other research reports. TD Securities upped their price target on Lundin Gold from C$24.00 to C$27.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Raymond James downgraded shares of Lundin Gold from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$25.00 to C$29.00 in a research report on Monday, September 23rd. National Bankshares lifted their price target on shares of Lundin Gold from C$30.75 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Scotiabank increased their price objective on shares of Lundin Gold from C$23.50 to C$25.50 in a report on Monday, August 19th. Finally, Canaccord Genuity Group raised their price objective on shares of Lundin Gold from C$27.50 to C$28.50 in a research note on Tuesday, August 20th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$28.33.

Lundin Gold Stock Up 1.3 %

TSE:LUG opened at C$33.11 on Monday. The company has a market cap of C$7.95 billion, a price-to-earnings ratio of 25.67 and a beta of 1.23. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The stock’s fifty day moving average price is C$27.78 and its two-hundred day moving average price is C$22.93. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$33.35.

Lundin Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were issued a $0.551 dividend. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, September 10th. This represents a $2.20 annualized dividend and a dividend yield of 6.66%. Lundin Gold’s payout ratio is 82.95%.

Insider Activity at Lundin Gold

In other Lundin Gold news, Senior Officer Terrence Smith sold 25,740 shares of Lundin Gold stock in a transaction dated 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 other Lundin Gold news, Senior Officer Terrence Smith sold 25,740 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$29.52, for a total transaction of C$759,826.78. Also, Senior Officer Chester See sold 14,900 shares of Lundin Gold stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total transaction of C$448,490.00. Insiders sold a total of 72,840 shares of company stock worth $2,146,122 in the last quarter. Corporate insiders own 58.72% of the company’s stock.

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.