Scotiabank Forecasts Lundin Gold’s FY2027 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Scotiabank decreased their FY2027 EPS estimates for shares of Lundin Gold in a report issued on Wednesday, July 15th. Scotiabank analyst O. Habib now expects that the company will post earnings of $4.66 per share for the year, down from their prior estimate of $4.78. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Other research analysts have also issued research reports about the company. ATB Cormark Capital Markets raised Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 target price for the company in a research report on Friday, May 8th. Jefferies Financial Group dropped their price target on Lundin Gold from C$90.00 to C$88.00 in a research report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Lundin Gold presently has an average rating of “Buy” and an average price target of C$102.36.

Lundin Gold Stock Performance

Lundin Gold stock opened at C$76.87 on Monday. The stock’s 50 day simple moving average is C$81.93 and its two-hundred day simple moving average is C$100.00. The stock has a market cap of C$18.59 billion, a price-to-earnings ratio of 20.39 and a beta of 1.64. Lundin Gold has a fifty-two week low of C$62.55 and a fifty-two week high of C$130.98.

Lundin Gold (TSE:LUG) last released its quarterly earnings results on Thursday, May 7th. The company reported C$1.57 earnings per share (EPS) for the quarter. Lundin Gold had a net margin of 45.73% and a return on equity of 68.29%. The company had revenue of C$788.83 million during the quarter.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Wednesday, June 10th. Lundin Gold’s dividend payout ratio (DPR) is 84.62%.

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.