Positive EPS Estimates for Lundin Gold Inc. by National Bank Financial

Lundin Gold Inc. (TSE:LUG - Free Report) has received a boost in its earnings per share (EPS) estimates for the fiscal year 2027 from equitities researchers at National Bank Financial. This update was provided in a report dated February 26, where analyst D. Demarco raised the EPS expectation from an earlier forecast of $2.65 to $2.90 for FY2027. In comparison, the current consensus estimate for Lundin Gold's full-year earnings stands at $2.56 per share.

In addition to the FY2027 projections, National Bank Financial has also shared their estimates for future earnings, suggesting that Lundin Gold might achieve an EPS of $2.36 for FY2028. These revisions indicate strong anticipated performance for the company in the coming years.

Recent Analyst Ratings and Recommendations

Other analysts have also weighed in on Lundin Gold recently. For instance, in a report released on December 10, BMO Capital Markets downgraded the stock from an “outperform” rating to “market perform.” Meanwhile, the Royal Bank of Canada increased their target price for the stock from C$31.00 to C$35.00, assigning it a “sector perform” rating as of February 11.

Moreover, TD Securities raised their price target for Lundin Gold to C$46.00 while maintaining a “buy” rating in a report published on Thursday. Scotiabank similarly increased its price objective to C$31.50, while CIBC also raised their estimate, setting a new price target of C$41.00 in a report from December. The overall rating landscape for Lundin Gold shows that seven research analysts have assigned a hold rating to the stock, four have a buy rating, and one has given a strong buy rating. MarketBeat data indicates that Lundin Gold currently has an average rating of "Moderate Buy" with a consensus price target of C$35.18.

Lundin Gold Stock Performance Overview

On a recent trading day, Lundin Gold’s stock opened at C$40.22. The company has a market capitalization of approximately C$6.87 billion and trades at a price-to-earnings ratio of 22.58. Additionally, the stock has shown volatility, demonstrated by a beta of 1.23. The fifty-day moving average price sits at C$35.14, while the 200-day moving average is C$32.23. Over the last year, Lundin Gold’s stock has fluctuated, reaching a low of C$15.32 and a high of C$41.74.

Insider Trading Activity

Recent insider trading has also been noted. Director Pablo Mir sold 11,535 shares in a transaction on January 7 at an average price of C$30.78, accumulating a total of C$355,001.16. Furthermore, on February 26, Director Ronald F. Hochstein sold 88,750 shares for an average price of C$41.42, culminating in a total transaction value of C$3,675,732.13. In summary, within the last ninety days, insiders have divested 110,185 shares valued at approximately $4,443,959, reflecting that 58.72% of the company’s stock is presently owned by insiders.

Dividend Information

In other corporate news, Lundin Gold recently disclosed a quarterly dividend, which was distributed on December 20. Shareholders on record as of that date received $0.20 per share, translating to an annualized dividend of $0.80 and a yield of 1.99%. The ex-dividend date for this payment was December 5. The company’s current dividend payout ratio stands at 60.06%.

About Lundin Gold

Lundin Gold Inc. is a mining company based in Canada, focusing on the exploration, development, and production of gold mineral resources. The company operates various metallic mineral concessions and construction material concessions across approximately 64,454 hectares in Southeast Ecuador. Notably, Lundin Gold holds a 100% interest in the Fruta del Norte gold project, which encompasses seven concessions covering around 5,566 hectares near Loja, Ecuador.

Earnings, Stock, Analyst