Scotiabank Brokers Lower Earnings Estimates for Lundin Gold

Lundin Gold Inc. (TSE:LUG) – Research analysts at Scotiabank cut their FY2027 earnings estimates for shares of Lundin Gold in a note issued to investors on Thursday, February 19th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $4.68 per share for the year, down from their prior estimate of $4.70. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Lundin Gold (TSE:LUG) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$1.33 earnings per share for the quarter. Lundin Gold had a return on equity of 29.88% and a net margin of 29.56%.The company had revenue of C$697.82 million for the quarter.

A number of other brokerages have also recently issued reports on LUG. Canadian Imperial Bank of Commerce raised their target price on Lundin Gold from C$123.00 to C$141.00 in a report on Wednesday, February 4th. BMO Capital Markets lifted their price objective on shares of Lundin Gold from C$118.00 to C$125.00 in a research note on Tuesday, January 13th. TD Securities boosted their price objective on shares of Lundin Gold from C$95.00 to C$114.00 in a report on Thursday, January 22nd. Cormark upped their target price on shares of Lundin Gold from C$100.00 to C$115.00 in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group increased their target price on shares of Lundin Gold from C$96.00 to C$111.00 in a report on Monday, December 8th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of C$93.75.

Lundin Gold Stock Down 0.8%

Shares of Lundin Gold stock opened at C$108.16 on Friday. The business has a fifty day simple moving average of C$113.63 and a 200 day simple moving average of C$102.07. The stock has a market cap of C$26.14 billion, a PE ratio of 38.22 and a beta of 1.02. Lundin Gold has a 12 month low of C$37.86 and a 12 month high of C$125.75.

Lundin Gold Increases Dividend

The firm also recently announced 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. This represents a $2.82 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, December 5th. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.68. Lundin Gold’s dividend payout ratio (DPR) is currently 61.48%.

About Lundin Gold

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.