FY2027 EPS Forecast for Lundin Gold Lifted by Analyst

Lundin Gold Inc. (TSE:LUG) – Stock analysts at National Bank Financial lifted their FY2027 earnings per share (EPS) estimates for shares of Lundin Gold in a research note issued to investors on Wednesday, February 26th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $2.90 for the year, up from their prior estimate of $2.65. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. National Bank Financial also issued estimates for Lundin Gold’s FY2027 earnings at $2.90 EPS, FY2028 earnings at $2.36 EPS and FY2028 earnings at $2.36 EPS.

Several other equities research analysts have also recently commented on LUG. CIBC lifted their price target on shares of Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Cormark lowered shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 20th. Jefferies Financial Group cut shares of Lundin Gold from a “buy” rating to a “hold” rating and dropped their target price for the company from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. Desjardins raised their price target on Lundin Gold from C$38.00 to C$42.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Scotiabank upped their price objective on Lundin Gold from C$30.00 to C$31.50 in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$35.18.

Lundin Gold Trading Down 0.9 %

Shares of TSE:LUG opened at C$39.86 on Friday. Lundin Gold has a 1-year low of C$15.40 and a 1-year high of C$41.74. The stock has a market capitalization of C$6.80 billion, a P/E ratio of 22.37 and a beta of 1.23. The business has a 50-day moving average price of C$35.32 and a two-hundred day moving average price of C$32.29.

Insider Activity at Lundin Gold

In related news, Director Pablo Mir sold 11,535 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total value of C$355,001.16. Also, Senior Officer Chester See sold 5,800 shares of the 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. In the last three months, insiders sold 115,985 shares of company stock worth $4,681,281. 58.72% of the stock is owned by company insiders.

Lundin Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. Lundin Gold’s payout ratio is 60.06%.

About Lundin Gold

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.