Scotiabank Has Positive View of Lundin Gold FY2027 Earnings

Lundin Gold Inc. (TSE:LUG) – Equities researchers at Scotiabank upped their FY2027 earnings estimates for shares of Lundin Gold in a research note issued 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 previous estimate of $4.66. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. The business 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%.

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

Lundin Gold Price Performance

Shares of Lundin Gold stock opened at C$104.78 on Monday. The stock has a market cap of C$25.34 billion, a PE ratio of 27.22 and a beta of 1.62. The firm has a fifty day moving average price of C$82.96 and a 200 day moving average price of C$94.98. Lundin Gold has a 1 year low of C$71.51 and a 1 year high of C$130.98.

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 issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, June 10th. Lundin Gold’s dividend payout ratio (DPR) is presently 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.