Lundin Gold FY2026 EPS Lifted by National Bank Financial

Lundin Gold Inc. (TSE:LUG - Free Report) - Equities researchers at National Bank Financial boosted their FY2026 EPS estimates for shares of Lundin Gold in a note issued to investors on Monday, June 23rd. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $4.30 per share for the year, up from their previous forecast of $3.71. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share. National Bank Financial also issued estimates for Lundin Gold's FY2027 earnings at $3.84 EPS and FY2028 earnings at $3.14 EPS.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Lundin Gold from C$45.00 to C$62.00 in a research report on Friday, May 9th. CIBC boosted their target price on shares of Lundin Gold from C$44.00 to C$46.00 in a research report on Thursday, April 17th. Royal Bank Of Canada boosted their target price on shares of Lundin Gold from C$50.00 to C$54.00 in a research report on Wednesday, June 4th. Veritas downgraded shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, June 9th. Finally, National Bankshares downgraded shares of Lundin Gold from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from C$67.75 to C$89.00 in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$50.91.

Lundin Gold Stock Down 7.9%

Shares of LUG traded down C$5.81 during midday trading on Thursday, hitting C$67.51. The company had a trading volume of 1,273,982 shares, compared to its average volume of 653,348. The company's 50 day moving average price is C$64.10 and its 200 day moving average price is C$47.79. The stock has a market cap of C$11.52 billion, a price-to-earnings ratio of 37.90 and a beta of 1.23. Lundin Gold has a 52 week low of C$19.48 and a 52 week high of C$75.19.

Lundin Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 25th were paid a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Tuesday, June 10th. Lundin Gold's payout ratio is 60.06%.

Insider Buying and Selling at Lundin Gold

In other Lundin Gold news, Director Pablo Mir sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$66.44, for a total value of C$996,550.50. Also, Senior Officer Sheila Margaret Colman sold 1,400 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of C$75.05, for a total transaction of C$105,070.00. Insiders sold 65,056 shares of company stock valued at $4,166,044 in the last ninety days. Company insiders own 58.72% of the company's stock.

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.