Lundin Gold Inc. (TSE:LUG – Free Report) – Scotiabank lifted their FY2026 earnings per share estimates for shares of Lundin Gold in a research report issued to clients and investors on Tuesday, October 13th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $4.07 per share for the year, up from their prior estimate of $3.84. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.
Several other equities analysts have also weighed in on LUG. Desjardins reduced their price objective on shares of Lundin Gold from C$105.00 to C$100.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Jefferies Financial Group dropped their target price on shares of Lundin Gold from C$90.00 to C$88.00 in a report on Monday, July 6th. Canadian Imperial Bank of Commerce dropped their target price on shares of Lundin Gold from C$137.00 to C$131.00 in a report on Monday, August 10th. Finally, Royal Bank Of Canada cut their target price on shares of Lundin Gold from C$98.00 to C$89.00 in a research note on Wednesday, September 16th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$108.40.
Lundin Gold Trading Up 5.4%
Shares of Lundin Gold stock opened at C$96.10 on Friday. Lundin Gold has a 52 week low of C$71.51 and a 52 week high of C$130.98. The stock has a market cap of C$23.24 billion, a PE ratio of 24.96 and a beta of 1.69. The company’s 50-day moving average price is C$93.79 and its two-hundred day moving average price is C$90.80.
Lundin Gold (TSE:LUG – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. Lundin Gold had a return on equity of 81.63% and a net margin of 46.31%. The business had revenue of C$678.70 million during the quarter.
Lundin Gold Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a dividend of $1.0934 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $4.37 annualized dividend and a dividend yield of 4.6%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.91. Lundin Gold’s dividend payout ratio is 102.60%.
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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