Scotiabank Has Weak Outlook for Lundin Gold FY2027 Earnings

Lundin Gold Inc. (TSE:LUG) – Analysts at Scotiabank cut their FY2027 earnings estimates for shares of Lundin Gold in a note issued to investors on Wednesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $4.66 per share 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.

Several other equities analysts have also issued reports on the company. ATB Cormark Capital Markets raised Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 price target on the stock in a research note on Friday, May 8th. Jefferies Financial Group lowered their price objective 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$102.36.

Lundin Gold Stock Performance

TSE LUG opened at C$76.82 on Monday. The stock has a fifty day moving average of C$82.35 and a 200-day moving average of C$100.27. The stock has a market capitalization of C$18.58 billion, a P/E ratio of 20.38 and a beta of 1.64. Lundin Gold has a 52 week low of C$62.55 and a 52 week high of C$130.98.

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

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 paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $3.64 dividend on an annualized basis and a yield of 4.7%. Lundin Gold’s dividend payout ratio (DPR) is presently 84.62%.

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.