Scotiabank Issues Negative Forecast for Lundin Gold Earnings

Lundin Gold Inc. (TSE:LUG) – Research analysts at Scotiabank cut their FY2027 earnings per share estimates for Lundin Gold in a research report issued to clients and investors on Friday, January 30th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $4.70 for the year, down from their previous forecast of $4.78. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

LUG has been the subject of several other research reports. Raymond James Financial upped their target price on shares of Lundin Gold from C$65.00 to C$80.00 in a report on Friday, October 10th. Cormark boosted their price objective on Lundin Gold from C$100.00 to C$115.00 in a research report on Wednesday, January 14th. BMO Capital Markets increased their target price on Lundin Gold from C$118.00 to C$125.00 in a research report on Tuesday, January 13th. Jefferies Financial Group lifted their target price on Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. Finally, Canaccord Genuity Group boosted their price target on Lundin Gold from C$103.00 to C$108.00 in a report on Wednesday, November 12th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of C$92.25.

Lundin Gold Price Performance

Shares of TSE LUG opened at C$104.58 on Monday. The firm has a fifty day moving average price of C$115.16 and a 200-day moving average price of C$98.20. The stock has a market cap of C$25.25 billion, a PE ratio of 36.95 and a beta of 1.21. Lundin Gold has a 1 year low of C$36.30 and a 1 year high of C$125.75.

Lundin Gold (TSE:LUG) last released its earnings results on Friday, November 7th. The company reported C$0.86 earnings per share (EPS) for the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. The company had revenue of C$622.58 million during the quarter.

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. The ex-dividend date of this dividend was Friday, December 5th. This is a boost from Lundin Gold’s previous quarterly dividend of $0.68. This represents a $2.82 dividend on an annualized basis and a yield of 2.7%. Lundin Gold’s dividend payout ratio is currently 61.48%.

Lundin Gold Company Profile

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.