Lundin Gold Sees EPS Increase for FY2027 as Analysts Take Notice

Lundin Gold Inc. (TSE:LUG – Free Report) has received an upward adjustment in its earnings per share (EPS) estimates for the fiscal year 2027 from analysts at National Bank Financial. In a report released on February 26th, analyst D. Demarco raised the EPS forecast for Lundin Gold from $2.65 to $2.90. This revised prediction suggests a positive outlook for the company, compared to the consensus estimate of $2.56 per share for its current fiscal year.

National Bank Financial has also released forecasts for Lundin Gold’s earnings in subsequent years, estimating $2.90 EPS for FY2027, $2.36 EPS for FY2028. These revisions highlight an improving sentiment among analysts towards the company's financial performance.

In addition to National Bank Financial’s revision, several other financial institutions have shared their views on Lundin Gold. TD Securities recently raised their target price on Lundin Gold shares from C$40.00 to C$46.00, issuing a “buy” rating in their latest research. On February 13th, Desjardins also increased its price target from C$38.00 to C$42.00, while assigning a “buy” rating. Furthermore, Royal Bank of Canada adjusted their price target from C$31.00 to C$35.00 with a “sector perform” rating, and Cormark re-evaluated the stock from a “moderate buy” to a “hold” rating on February 20th. CIBC also announced an increase in their target from C$34.00 to C$41.00.

Overall, analysts have diverse opinions on Lundin Gold, with seven maintaining a hold rating, four providing a buy rating, and one issuing a strong buy recommendation. According to MarketBeat, the current consensus rating for Lundin Gold stock is “Moderate Buy,” with a consensus price target noted at C$35.18.

Lundin Gold Stock Performance

As of the latest trading session, Lundin Gold shares opened at C$39.86. The company has experienced significant fluctuations over the past year, with a low of C$15.40 and a high of C$41.74. Lundin Gold holds a market capitalization of C$6.80 billion, a PE ratio of 22.37, and a beta of 1.23. Its stock has a 50-day moving average of C$35.50 and a 200-day moving average of C$32.34, showing a steady performance in recent times.

Insider Transactions

In related developments, there have been recent insider transactions. Senior Officer Chester See sold 5,800 shares of Lundin Gold on February 28th at an average price of C$40.92, leading to a transaction totaling C$237,321.50. Additionally, Director Pablo Mir sold 11,535 shares on January 7th at an average price of C$30.78, amounting to a total of C$355,001.16. In the last ninety days, insiders have collectively sold 115,985 shares valued at $4,681,281, with 58.72% of the stock currently held by corporate insiders.

Lundin Gold Increases Dividend

Recently, Lundin Gold announced an increase in its quarterly dividend, which will be distributed on March 26th to shareholders on record. Stockholders will receive a dividend of $0.43, an increase from the previous quarterly dividend of $0.20. The ex-dividend date is set for March 11th, representing an annualized dividend of $1.72 and a yield of 4.32%. The company’s current dividend payout ratio is 60.06%, indicating a commitment to returning value to investors.

Company Overview

Lundin Gold operates primarily in the mining sector in Canada, holding interests in 28 metallic mineral concessions and three construction material concessions across an area of approximately 64,454 hectares in Southeast Ecuador. The company is best known for having full ownership of the Fruta del Norte gold project, which spans seven concessions covering about 5,566 hectares located near Loja, Ecuador.

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