Scotiabank Brokers Cut Earnings Estimates for Lundin Gold

Lundin Gold Inc. (TSE:LUG) – Investment analysts at Scotiabank cut their FY2025 EPS estimates for shares of Lundin Gold in a report issued on Wednesday, March 19th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $1.73 per share for the year, down from their previous estimate of $1.74. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. Scotiabank also issued estimates for Lundin Gold’s FY2026 earnings at $2.03 EPS.

Several other research firms have also recently commented on LUG. Jefferies Financial Group cut shares of Lundin Gold from a “buy” rating to a “hold” rating and cut their price objective for the company from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. Royal Bank of Canada boosted their price target on shares of Lundin Gold from C$31.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 11th. CIBC cut shares of Lundin Gold from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from C$41.00 to C$44.00 in a research report on Thursday. Cormark cut shares of Lundin Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets cut shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 10th. Nine equities research 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 company. According to data from MarketBeat, Lundin Gold has an average rating of “Hold” and an average price target of C$35.45.

Lundin Gold Trading Up 2.2 %

LUG opened at C$43.60 on Friday. The stock has a market capitalization of C$7.44 billion, a P/E ratio of 24.47 and a beta of 1.23. Lundin Gold has a 12 month low of C$18.08 and a 12 month high of C$45.82. The firm’s fifty day simple moving average is C$38.73 and its 200 day simple moving average is C$34.00.

Insider Activity at Lundin Gold

In related news, Senior Officer Sheila Margaret Colman sold 9,900 shares of the company’s 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, Director Pablo Mir sold 11,535 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total transaction of C$355,001.16. In the last 90 days, insiders have sold 144,685 shares of company stock worth $5,854,985. Insiders own 58.72% of the company’s stock.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.20. This represents a $1.72 annualized dividend and a dividend yield of 3.94%. Lundin Gold’s payout ratio is currently 60.06%.

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.