FY2026 Earnings Forecast for Lundin Gold Issued By Cormark

Key Points

• Cormark has raised its FY2026 earnings per share (EPS) estimate for Lundin Gold to $3.15, up from a previous estimate of $3.12, surpassing the consensus estimate of $2.56.
• Lundin Gold announced a significant increase in its quarterly dividend to $0.675 per share, up from $0.21, representing an annualized yield of 3.1%.
• Insider transactions show notable sell-offs, with substantial shares sold by Chester See and Sheila Margaret Colman on August 26th, indicating a 13.11% and 28.26% decrease in their ownership, respectively.

Lundin Gold Inc. (TSE:LUG - Free Report) - Cormark increased their FY2026 earnings estimates for shares of Lundin Gold in a note issued to investors on Monday, September 15th. Cormark analyst N. Dion now forecasts that the company will earn $3.15 per share for the year, up from their prior forecast of $3.12. The consensus estimate for Lundin Gold's current full-year earnings is $2.56 per share.

A number of other equities analysts have also recently issued reports on the stock. Raymond James Financial increased their price objective on shares of Lundin Gold from C$53.00 to C$65.00 in a research report on Thursday, August 21st. National Bank Financial cut shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. Veritas lowered shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 9th. National Bankshares lowered shares of Lundin Gold from an "outperform" rating to a "sector perform" rating and upped their target price for the stock from C$67.75 to C$89.00 in a report on Tuesday, June 24th. Finally, Desjardins lowered shares of Lundin Gold from a "moderate buy" rating to a "hold" rating and upped their target price for the stock from C$62.00 to C$70.00 in a report on Thursday, July 17th. Twelve analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lundin Gold has an average rating of "Reduce" and a consensus price target of C$58.95.

Lundin Gold Price Performance

Shares of LUG stock traded up C$2.95 on Tuesday, reaching C$87.21. 9,257,808 shares of the company were exchanged, compared to its average volume of 749,052. The company has a market cap of C$21.04 billion, a price-to-earnings ratio of 34.33 and a beta of 1.15. The company has a 50-day moving average of C$77.56 and a 200-day moving average of C$64.73. Lundin Gold has a one year low of C$28.64 and a one year high of C$97.67.

Insider Activity at Lundin Gold

In related news, insider Sheila Margaret Colman sold 14,600 shares of the firm's 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 transaction, the insider directly owned 37,068 shares of the company's stock, valued at approximately C$3,020,671.32. This trade represents a 28.26% decrease in their position. Also, insider Chester See sold 20,000 shares of the firm'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 completion of the transaction, the insider directly owned 132,571 shares of the company's stock, valued at approximately C$11,043,164.30. This trade represents a 13.11% decrease in their ownership of the stock. In the last 90 days, insiders have sold 36,000 shares of company stock valued at $2,960,824. 58.72% of the stock is currently owned by company insiders.

Lundin Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 10th. This is an increase from Lundin Gold's previous quarterly dividend of $0.21. Lundin Gold's dividend payout ratio (DPR) is 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.