FY2027 EPS Estimates for Lundin Gold Raised by Analyst

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at National Bank Financial raised their FY2027 earnings estimates for shares of Lundin Gold in a report released on Wednesday, February 26th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $2.90 per share for the year, up from their previous forecast 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.

A number of other equities research analysts have also recently issued reports on LUG. Jefferies Financial Group cut Lundin Gold from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. Cormark downgraded shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 20th. CIBC increased their price target on shares of Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. Desjardins lifted their price objective on shares of 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, Scotiabank raised their target price on shares of Lundin Gold from C$30.00 to C$31.50 in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$35.18.

Lundin Gold Stock Performance

Shares of TSE LUG opened at C$39.86 on Friday. The stock has a 50 day moving average price of C$35.32 and a 200 day moving average price of C$32.29. Lundin Gold has a 52 week low of C$15.40 and a 52 week high of C$41.74. The stock has a market capitalization of C$6.80 billion, a PE ratio of 22.37 and a beta of 1.23.

Lundin Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, March 11th. This is an increase from Lundin Gold’s previous quarterly dividend of $0.20. This represents a $1.72 annualized dividend and a yield of 4.32%. Lundin Gold’s dividend payout ratio (DPR) is 60.06%.

Insider Transactions at Lundin Gold

In other Lundin Gold news, Senior Officer Sheila Margaret Colman sold 9,900 shares of Lundin Gold stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$41.74, for a total value of C$413,226.00. Also, Senior Officer Chester See sold 5,800 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$40.92, for a total transaction of C$237,321.50. Insiders sold a total of 115,985 shares of company stock worth $4,681,281 over the last quarter. Company insiders own 58.72% of the company’s stock.

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.