What is Cormark’s Estimate for Lundin Gold FY2025 Earnings?

Lundin Gold Inc. (TSE:LUG) – Investment analysts at Cormark cut their FY2025 earnings per share estimates for shares of Lundin Gold in a research note issued on Thursday, February 20th. Cormark analyst N. Dion now anticipates that the company will post earnings of $2.39 per share for the year, down from their prior estimate of $2.42. Cormark currently has a “Hold” rating on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

LUG has been the topic of several other reports. BMO Capital Markets lowered Lundin Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 10th. Jefferies Financial Group lowered Lundin Gold from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. CIBC upped their target price on Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Desjardins upped their target price on Lundin Gold from C$38.00 to C$42.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada upped their target price on Lundin Gold from C$31.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lundin Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$34.45.

Lundin Gold Stock Performance

Lundin Gold stock opened at C$38.37 on Friday. The stock’s 50 day moving average price is C$34.38 and its 200 day moving average price is C$31.65. The firm has a market capitalization of C$6.55 billion, a PE ratio of 21.54 and a beta of 1.23. Lundin Gold has a one year low of C$15.12 and a one year high of C$41.28.

Lundin Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.08%. Lundin Gold’s payout ratio is currently 60.06%.

Insider Buying and Selling

In other news, Director Pablo Mir sold 11,535 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total value of C$355,001.16. 58.72% of the stock is owned by company insiders.

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.