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

Key Points

• Scotiabank raised its FY2026 EPS estimate for Lundin Gold to $4.29 (from $4.21) in an April 10 research note, compared with a consensus full‑year estimate of $2.56.
• The company hiked its quarterly dividend to $1.1642 per share (paid March 26) from $0.71, representing a $4.66 annualized dividend, a 4.0% yield and a 71.6% payout ratio.
• Several brokers (CIBC, Cormark, TD, RBC) lifted target prices while BMO cut theirs, yet MarketBeat shows an average rating of Reduce and an average target of C$98.17 versus the stock trading around C$116.17 (market cap ~C$28.08B).

Lundin Gold Inc. (TSE:LUG - Free Report) - Investment analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for Lundin Gold in a research note issued on Friday, April 10th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $4.29 for the year, up from their prior forecast of $4.21. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

Several other analysts also recently weighed in on LUG. Canadian Imperial Bank of Commerce lifted their target price on Lundin Gold from C$123.00 to C$141.00 in a research report on Wednesday, February 4th. Cormark lifted their target price on Lundin Gold from C$100.00 to C$115.00 in a research report on Wednesday, January 14th. TD Securities lifted their target price on Lundin Gold from C$95.00 to C$114.00 in a research report on Thursday, January 22nd. Royal Bank Of Canada lifted their target price on Lundin Gold from C$91.00 to C$113.00 in a research report on Thursday, March 12th. Finally, BMO Capital Markets decreased their target price on Lundin Gold from C$128.00 to C$119.00 in a research report on Monday, February 23rd. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of C$98.17.

Lundin Gold Trading Down 1.8%

TSE:LUG opened at C$116.17 on Tuesday. Lundin Gold has a twelve month low of C$48.90 and a twelve month high of C$130.98. The company has a market cap of C$28.08 billion, a price-to-earnings ratio of 35.53 and a beta of 1.58. The stock has a fifty day simple moving average of C$109.58 and a 200-day simple moving average of C$108.86.

Lundin Gold (TSE:LUG - Get Free Report) last issued its quarterly earnings results on Friday, February 20th. The company reported C$1.33 earnings per share (EPS) for the quarter. The company 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%.

Lundin Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th were paid a dividend of $1.1642 per share. This is an increase from Lundin Gold's previous quarterly dividend of $0.71. This represents a $4.66 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Wednesday, March 11th. Lundin Gold's payout ratio is 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.

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