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

Lundin Gold Inc. (TSE:LUG) – Investment analysts at Cormark lowered their FY2025 earnings per share (EPS) estimates for Lundin Gold in a note issued to investors on Wednesday, December 11th. Cormark analyst N. Dion now expects that the company will post earnings per share of $2.42 for the year, down from their prior estimate of $2.51. Cormark currently has a “Hold” rating and a $32.00 target price on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. Cormark also issued estimates for Lundin Gold’s FY2026 earnings at $2.08 EPS and FY2027 earnings at $2.08 EPS.

Lundin Gold (TSE:LUG) last posted its earnings results on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, topping the consensus estimate of C$0.60 by C$0.16. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The business had revenue of C$440.77 million for the quarter.

LUG has been the subject of a number of other reports. CIBC increased their price objective on Lundin Gold from C$34.00 to C$41.00 in a report on Monday, December 2nd. Jefferies Financial Group cut Lundin Gold from a “buy” rating to a “hold” rating and decreased their price target for the company from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. TD Securities raised their price objective on Lundin Gold from C$27.00 to C$38.00 in a research report on Friday, October 18th. Desjardins upgraded Lundin Gold to a “moderate buy” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets lowered shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$32.55.

Lundin Gold Price Performance

LUG stock opened at C$31.50 on Monday. The company has a market capitalization of C$7.56 billion, a P/E ratio of 24.52 and a beta of 1.23. The company has a fifty day moving average price of C$32.82 and a 200-day moving average price of C$27.23. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$35.89.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Thursday, December 5th. Lundin Gold’s payout ratio is 82.95%.

Insider Transactions at Lundin Gold

In other news, Senior Officer Chester See sold 14,900 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total transaction of C$448,490.00. Also, Senior Officer Terrence Smith sold 25,740 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$29.52, for a total value of C$759,826.78. 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.