Lundin Gold Inc. (TSE:LUG – Free Report) – Equities researchers at Scotiabank dropped their FY2026 earnings per share estimates for shares of Lundin Gold in a research report issued to clients and investors on Tuesday, July 7th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $4.14 for the year, down from their previous estimate of $4.15. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. Scotiabank also issued estimates for Lundin Gold’s FY2027 earnings at $4.78 EPS.
LUG has been the topic of a number of other research reports. Jefferies Financial Group cut their price target on Lundin Gold from C$90.00 to C$88.00 in a research note on Monday. ATB Cormark Capital Markets upgraded Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 price objective for the company in a report on Friday, May 8th. Finally, Royal Bank Of Canada increased their target price on Lundin Gold from C$91.00 to C$113.00 in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Lundin Gold currently has an average rating of “Hold” and an average target price of C$99.67.
Lundin Gold Price Performance
Shares of TSE LUG opened at C$80.03 on Wednesday. Lundin Gold has a fifty-two week low of C$62.55 and a fifty-two week high of C$130.98. The firm has a market capitalization of C$19.35 billion, a P/E ratio of 21.23 and a beta of 1.64. The company’s 50 day simple moving average is C$84.92 and its 200 day simple moving average is C$102.54.
Lundin Gold (TSE:LUG – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported C$1.57 earnings per share (EPS) for the quarter. The company had revenue of C$788.83 million for the quarter. Lundin Gold had a net margin of 45.73% and a return on equity of 68.29%.
Lundin Gold Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.5%. Lundin Gold’s dividend payout ratio (DPR) is currently 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.
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