Desjardins Has Weak Forecast for Lundin Gold FY2026 Earnings

Lundin Gold Inc. (TSE:LUG) – Research analysts at Desjardins decreased their FY2026 earnings estimates for shares of Lundin Gold in a research note issued on Thursday, February 20th. Desjardins analyst A. Carson now forecasts that the company will post earnings per share of $3.00 for the year, down from their prior forecast of $3.05. Desjardins has a “Buy” rating and a $42.00 price target on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. Desjardins also issued estimates for Lundin Gold’s FY2027 earnings at $2.60 EPS.

A number of other analysts have also weighed in on LUG. Scotiabank increased their price objective on Lundin Gold from C$30.00 to C$31.50 in a research note on Wednesday, January 15th. Jefferies Financial Group cut shares of Lundin Gold from a “buy” rating to a “hold” rating and dropped their price target for the company from C$37.00 to C$36.00 in a research report on Wednesday, December 11th. CIBC boosted their price objective on shares of Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. BMO Capital Markets lowered shares of Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 10th. Finally, Cormark cut Lundin Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 20th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$34.45.

Lundin Gold Price Performance

Shares of LUG stock opened at C$40.76 on Monday. The business has a 50-day moving average of C$34.92 and a 200 day moving average of C$32.10. The stock has a market capitalization of C$6.96 billion, a PE ratio of 22.88 and a beta of 1.23. Lundin Gold has a 1-year low of C$15.24 and a 1-year high of C$41.49.

Insiders Place Their Bets

In related news, Director Pablo Mir sold 11,535 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total transaction of C$355,001.16. 58.72% of the stock is owned by corporate insiders.

Lundin Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.96%. Lundin Gold’s dividend payout ratio is presently 60.06%.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.