FY2027 EPS Estimates for Lundin Gold Increased by Scotiabank

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at Scotiabank boosted their FY2027 EPS estimates for Lundin Gold in a note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Habib now expects that the company will post earnings of $4.74 per share for the year, up from their prior estimate of $4.66. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Several other brokerages have also weighed in on LUG. Desjardins cut their target price on Lundin Gold from C$105.00 to C$100.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Canadian Imperial Bank of Commerce lowered their price target on Lundin Gold from C$137.00 to C$131.00 in a research report on Monday, August 10th. Jefferies Financial Group dropped their price target on Lundin Gold from C$90.00 to C$88.00 in a research note on Monday, July 6th. Finally, ATB Cormark Capital Markets upgraded Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 price objective on the stock in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Lundin Gold has an average rating of “Buy” and a consensus price target of C$101.33.

Lundin Gold Stock Up 2.1%

Shares of TSE LUG opened at C$107.00 on Monday. Lundin Gold has a 52-week low of C$71.51 and a 52-week high of C$130.98. The firm has a fifty day moving average of C$83.40 and a 200-day moving average of C$94.98. The stock has a market capitalization of C$25.88 billion, a PE ratio of 27.79 and a beta of 1.62.

Lundin Gold (TSE:LUG) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The company had revenue of C$678.70 million for the quarter. Lundin Gold had a net margin of 46.31% and a return on equity of 81.63%.

Lundin Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.4%. The ex-dividend date was Wednesday, June 10th. Lundin Gold’s payout ratio is currently 102.60%.

Lundin Gold Company Profile

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.