Scotiabank Brokers Boost Earnings Estimates for Lundin Gold

Lundin Gold Inc. (TSE:LUG) – Analysts at Scotiabank upped their FY2026 earnings per share estimates for shares of Lundin Gold in a note issued to investors on Friday, April 10th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $4.29 for the year, up from their prior estimate of $4.21. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Friday, February 20th. The company reported C$1.33 earnings per share for the quarter. The business had revenue of C$697.83 million during the quarter. Lundin Gold had a return on equity of 60.01% and a net margin of 44.42%.

A number of other equities research analysts have also recently commented on the company. Canadian Imperial Bank of Commerce raised their target price on Lundin Gold from C$123.00 to C$141.00 in a research report on Wednesday, February 4th. Royal Bank Of Canada raised their target price on Lundin Gold from C$91.00 to C$113.00 in a research report on Thursday, March 12th. TD Securities raised their target price on Lundin Gold from C$95.00 to C$114.00 in a research report on Thursday, January 22nd. BMO Capital Markets dropped their target price on Lundin Gold from C$128.00 to C$119.00 in a research report on Monday, February 23rd. Finally, Cormark raised their target price on Lundin Gold from C$100.00 to C$115.00 in a research report on Wednesday, January 14th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of C$98.17.

Lundin Gold Stock Performance

TSE LUG opened at C$116.34 on Tuesday. The stock has a 50-day simple moving average of C$109.76 and a two-hundred day simple moving average of C$109.05. The firm has a market capitalization of C$28.12 billion, a P/E ratio of 35.58 and a beta of 1.58. Lundin Gold has a fifty-two week low of C$51.96 and a fifty-two week high of C$130.98.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 26th were issued a $1.1642 dividend. This represents a $4.66 annualized dividend and a yield of 4.0%. The ex-dividend date was Wednesday, March 11th. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.71. Lundin Gold’s payout ratio is presently 71.56%.

Lundin Gold Company Profile

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.