Cormark Has Positive Outlook for Lundin Gold FY2026 Earnings

Lundin Gold Inc. (TSE:LUG) – Stock analysts at Cormark lifted their FY2026 EPS estimates for Lundin Gold in a research note issued to investors on Monday, November 10th. Cormark analyst N. Dion now forecasts that the company will earn $4.97 per share for the year, up from their previous forecast of $3.15. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Several other research analysts have also commented on LUG. TD Securities lowered Lundin Gold from a “strong-buy” rating to a “hold” rating and lifted their target price for the stock from C$65.00 to C$73.00 in a research report on Wednesday, July 16th. BMO Capital Markets lifted their price objective on shares of Lundin Gold from C$104.00 to C$108.00 in a report on Monday. Raymond James Financial increased their target price on shares of Lundin Gold from C$65.00 to C$80.00 in a report on Friday, October 10th. Canaccord Genuity Group lifted their price target on shares of Lundin Gold from C$60.00 to C$78.00 in a report on Thursday, October 2nd. Finally, Desjardins lowered shares of Lundin Gold from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$62.00 to C$70.00 in a research note on Thursday, July 17th. Ten investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Lundin Gold has a consensus rating of “Reduce” and an average price target of C$73.21.

Lundin Gold Price Performance

TSE:LUG traded up C$0.52 during mid-day trading on Wednesday, reaching C$110.03. The stock had a trading volume of 16,010 shares, compared to its average volume of 810,789. The company has a market capitalization of C$26.56 billion, a price-to-earnings ratio of 38.88 and a beta of 1.35. Lundin Gold has a 1-year low of C$29.42 and a 1-year high of C$116.20. The stock’s 50 day simple moving average is C$94.61 and its two-hundred day simple moving average is C$77.97.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.86 earnings per share for the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. The company had revenue of C$622.58 million during the quarter.

Insider Buying and Selling at Lundin Gold

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

Lundin Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 25th were given a $0.675 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $2.70 annualized dividend and a yield of 2.5%. This is an increase from Lundin Gold’s previous quarterly dividend of $0.21. Lundin Gold’s payout ratio is 61.48%.

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.