Scotiabank Has Weak Outlook for Lundin Gold FY2026 Earnings

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for shares of Lundin Gold in a report issued on Thursday, May 14th. Scotiabank analyst O. Habib now anticipates that the company will earn $4.15 per share for the year, down from their previous forecast of $4.23. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. Scotiabank also issued estimates for Lundin Gold’s FY2027 earnings at $4.75 EPS.

Several other analysts also recently weighed in on the company. TD Securities upped their price objective on Lundin Gold from C$95.00 to C$114.00 in a research report on Thursday, January 22nd. Royal Bank Of Canada upped their price objective on Lundin Gold from C$91.00 to C$113.00 in a research report on Thursday, March 12th. Canadian Imperial Bank of Commerce upped their price objective on Lundin Gold from C$123.00 to C$141.00 in a research report on Wednesday, February 4th. BMO Capital Markets dropped their price objective on Lundin Gold from C$128.00 to C$119.00 in a research report on Monday, February 23rd. Finally, ATB Cormark Capital Markets raised Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 target price for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$100.62.

Lundin Gold Stock Down 2.3%

Shares of LUG stock opened at C$94.45 on Friday. Lundin Gold has a twelve month low of C$54.03 and a twelve month high of C$130.98. The company has a market cap of C$22.84 billion, a P/E ratio of 25.05 and a beta of 1.57. The business has a fifty day simple moving average of C$105.00 and a 200 day simple moving average of C$109.49.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$1.57 earnings per share for the quarter. Lundin Gold had a return on equity of 68.29% and a net margin of 45.73%.The business had revenue of C$788.83 million during the quarter.

Lundin Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th were issued a $1.1642 dividend. This is a boost from Lundin Gold’s previous quarterly dividend of $0.71. This represents a $4.66 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Wednesday, March 11th. Lundin Gold’s dividend payout ratio is 84.62%.

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.