Scotiabank Estimates Lundin Gold's FY2026 Earnings (TSE:LUG)

Key Points

• Scotiabank raised its FY2026 EPS estimate for Lundin Gold to C$4.07 from C$3.84, well above the current analyst consensus of C$2.56.
• Lundin Gold maintains a consensus “Buy” rating with an average price target of C$108.40, although several major banks recently reduced their individual targets.
• The company increased its quarterly dividend to $1.0934, or $4.37 annualized, implying a 4.6% yield; its latest quarter included C$678.7 million in revenue and C$1.19 EPS.

Lundin Gold Inc. (TSE:LUG - Free Report) - Stock analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for Lundin Gold in a report issued on Tuesday, October 13th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $4.07 per share for the year, up from their prior estimate of $3.84. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

LUG has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce reduced their price target on Lundin Gold from C$137.00 to C$131.00 in a research report on Monday, August 10th. Desjardins lowered their price target on Lundin Gold from C$105.00 to C$100.00 and set a "buy" rating on the stock in a report on Monday, July 27th. Royal Bank Of Canada lowered their price target on Lundin Gold from C$98.00 to C$89.00 in a report on Wednesday, September 16th. Finally, Jefferies Financial Group cut their price objective on shares of Lundin Gold from C$90.00 to C$88.00 in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$108.40.

Lundin Gold Price Performance

LUG opened at C$96.10 on Friday. Lundin Gold has a 12 month low of C$71.51 and a 12 month high of C$130.98. The stock has a market cap of C$23.24 billion, a P/E ratio of 24.96 and a beta of 1.69. The stock's 50 day moving average price is C$93.79 and its 200 day moving average price is C$90.80.

Lundin Gold (TSE:LUG - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. Lundin Gold had a return on equity of 81.63% and a net margin of 46.31%. The business had revenue of C$678.70 million during the quarter.

Lundin Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were issued a $1.0934 dividend. This represents a $4.37 annualized dividend and a dividend yield of 4.6%. This is a boost from Lundin Gold's previous quarterly dividend of $0.91. The ex-dividend date was Thursday, September 10th. Lundin Gold's payout ratio is 102.60%.

About Lundin Gold

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.

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