FY2026 Earnings Estimate for Lundin Gold Issued By Cormark

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at Cormark raised their FY2026 earnings per share (EPS) estimates for shares of Lundin Gold in a research note issued on Monday, September 15th. Cormark analyst N. Dion now expects that the company will post earnings of $3.15 per share for the year, up from their prior estimate of $3.12. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

A number of other equities analysts have also weighed in on LUG. Royal Bank Of Canada upped their target price on Lundin Gold from C$50.00 to C$54.00 in a research note on Wednesday, June 4th. Desjardins lowered Lundin Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$62.00 to C$70.00 in a research note on Thursday, July 17th. Veritas lowered Lundin Gold from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, June 9th. TD Securities lowered Lundin Gold from a “strong-buy” rating to a “hold” rating and upped their target price for the stock from C$65.00 to C$73.00 in a research note on Wednesday, July 16th. Finally, National Bankshares lowered Lundin Gold from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$67.75 to C$89.00 in a research note on Tuesday, June 24th. Twelve research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lundin Gold currently has a consensus rating of “Reduce” and an average price target of C$58.95.

Lundin Gold Stock Down 3.2%

Shares of TSE LUG opened at C$84.94 on Tuesday. The firm has a market capitalization of C$20.50 billion, a P/E ratio of 33.44 and a beta of 1.15. The stock’s 50-day simple moving average is C$76.68 and its two-hundred day simple moving average is C$63.94. Lundin Gold has a twelve month low of C$28.43 and a twelve month high of C$97.67.

Insider Activity

In related news, insider Chester See sold 20,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of C$83.30, for a total transaction of C$1,666,000.00. Following the completion of the sale, the insider directly owned 132,571 shares in the company, valued at C$11,043,164.30. This represents a 13.11% decrease in their position. Also, insider Sheila Margaret Colman sold 14,600 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of C$81.49, for a total value of C$1,189,754.00. Following the sale, the insider owned 37,068 shares of the company’s stock, valued at C$3,020,671.32. This represents a 28.26% decrease in their ownership of the stock. Insiders have sold a total of 36,000 shares of company stock valued at $2,960,824 over the last 90 days. 58.72% of the stock is currently owned by company insiders.

Lundin Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 25th will be issued a dividend of $0.675 per share. The ex-dividend date is Wednesday, September 10th. This represents a $2.70 annualized dividend and a yield of 3.2%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.21. Lundin Gold’s dividend payout ratio (DPR) is currently 45.28%.

Lundin Gold Company Profile

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.