Scotiabank Has Negative View of Lundin Gold FY2027 Earnings

Lundin Gold Inc. (TSE:LUG) – Equities researchers at Scotiabank lowered their FY2027 earnings estimates for shares of Lundin Gold in a report issued on Wednesday, July 15th. Scotiabank analyst O. Habib now anticipates 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.

Other equities research analysts have also recently issued research reports about the stock. ATB Cormark Capital Markets upgraded shares of 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 report on Friday, May 8th. Jefferies Financial Group lowered their price target on shares of Lundin Gold from C$90.00 to C$88.00 in a report on Monday, July 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$102.36.

Lundin Gold Price Performance

TSE:LUG opened at C$79.10 on Monday. The company has a market cap of C$19.13 billion, a price-to-earnings ratio of 20.98 and a beta of 1.64. Lundin Gold has a 1 year low of C$62.55 and a 1 year high of C$130.98. The stock’s 50 day simple moving average is C$81.57 and its two-hundred day simple moving average is C$99.75.

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

Lundin Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 4.6%. The ex-dividend date 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.