Desjardins Has Positive View of Lundin Gold FY2026 Earnings

Key Points

• Desjardins has increased its FY2026 earnings per share (EPS) estimate for Lundin Gold Inc. from $4.36 to $5.29, maintaining a "Hold" rating and a price target of $70.00.
• Insiders have recently sold shares, with Chester See offloading 20,000 shares, reflecting a 13.11% decrease in his position, while another insider, Sheila Margaret Colman, cut 28.26% of her shares.
• Lundin Gold has raised its quarterly dividend to $0.675, a significant increase from the previous $0.21, marking an annualized dividend yield of 3.0% with a payout ratio of 45.28%.

Lundin Gold Inc. (TSE:LUG - Free Report) - Equities researchers at Desjardins upped their FY2026 earnings per share (EPS) estimates for shares of Lundin Gold in a report released on Wednesday, October 1st. Desjardins analyst A. Carson now expects that the company will earn $5.29 per share for the year, up from their prior estimate of $4.36. Desjardins has a "Hold" rating and a $70.00 price target on the stock. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

A number of other equities research analysts have also commented on the stock. TD Securities lowered shares of Lundin Gold from a "strong-buy" rating to a "hold" rating and raised their price objective for the stock from C$65.00 to C$73.00 in a report on Wednesday, July 16th. Canaccord Genuity Group lifted their price target on Lundin Gold from C$60.00 to C$78.00 in a research note on Thursday. Raymond James Financial boosted their price target on Lundin Gold from C$53.00 to C$65.00 in a report on Thursday, August 21st. National Bankshares downgraded Lundin Gold from an "outperform" rating to a "sector perform" rating and increased their price objective for the stock from C$67.75 to C$89.00 in a report on Tuesday, June 24th. Finally, National Bank Financial lowered Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. Eleven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lundin Gold currently has an average rating of "Reduce" and an average target price of C$60.68.

Lundin Gold Stock Performance

Shares of LUG opened at C$91.28 on Monday. The firm has a market cap of C$22.03 billion, a P/E ratio of 35.94 and a beta of 1.26. Lundin Gold has a twelve month low of C$29.42 and a twelve month high of C$97.67. The firm's 50 day moving average price is C$82.39 and its two-hundred day moving average price is C$68.32.

Insider Activity

In other news, insider Chester See sold 20,000 shares of the company's stock in a transaction that occurred on 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 sale, the insider 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 that occurred on 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 completion of the sale, the insider directly owned 37,068 shares of the company's stock, valued at approximately C$3,020,671.32. The trade was a 28.26% decrease in their position. Corporate insiders own 58.72% of the company's stock.

Lundin Gold Increases Dividend

The business 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. This is an increase from Lundin Gold's previous quarterly dividend of $0.21. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, September 10th. Lundin Gold's dividend payout ratio (DPR) is presently 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.

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