Scotiabank Has Weak Forecast for Lundin Gold FY2027 Earnings

Lundin Gold Inc. (TSE:LUG) – Stock analysts at Scotiabank decreased their FY2027 earnings per share estimates for Lundin Gold in a research note issued on Thursday, February 19th. Scotiabank analyst O. Habib now expects that the company will post earnings of $4.68 per share for the year, down from their prior estimate of $4.70. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

LUG has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce lifted their price target on shares of Lundin Gold from C$123.00 to C$141.00 in a report on Wednesday, February 4th. BMO Capital Markets lifted their target price on Lundin Gold from C$118.00 to C$125.00 in a report on Tuesday, January 13th. Jefferies Financial Group upped their price target on Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. Cormark lifted their price objective on Lundin Gold from C$100.00 to C$115.00 in a research note on Wednesday, January 14th. Finally, TD Securities boosted their target price on Lundin Gold from C$95.00 to C$114.00 in a report on Thursday, January 22nd. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of C$93.75.

Lundin Gold Stock Up 1.5%

Shares of TSE:LUG opened at C$109.00 on Friday. The stock has a market cap of C$26.35 billion, a price-to-earnings ratio of 38.52 and a beta of 1.02. Lundin Gold has a 52-week low of C$37.54 and a 52-week high of C$125.75. The business has a 50-day moving average price of C$113.70 and a 200-day moving average price of C$101.54.

Lundin Gold (TSE:LUG) last released its earnings results on Thursday, February 19th. The company reported C$1.33 EPS for the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%.

Lundin Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 22nd were paid a dividend of $0.7058 per share. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.82 annualized dividend and a yield of 2.6%. Lundin Gold’s payout ratio is presently 61.48%.

About Lundin Gold

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.