Scotiabank Has Negative View of Lundin Gold FY2026 Earnings

Lundin Gold Inc. (TSE:LUG) – Analysts at Scotiabank lowered their FY2026 earnings per share estimates for Lundin Gold in a note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $3.84 for the year, down from their previous forecast of $4.07. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Several other analysts also recently weighed in on the stock. Jefferies Financial Group lowered their target price on shares of Lundin Gold from C$90.00 to C$88.00 in a report on Monday, July 6th. Canadian Imperial Bank of Commerce cut their price target on shares of Lundin Gold from C$137.00 to C$131.00 in a report on Monday, August 10th. Desjardins reduced their price objective on shares of Lundin Gold from C$105.00 to C$100.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Finally, ATB Cormark Capital Markets raised Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 price objective on the stock in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$101.33.

Lundin Gold Stock Performance

Shares of Lundin Gold stock opened at C$99.05 on Friday. Lundin Gold has a one year low of C$71.51 and a one year high of C$130.98. The company has a market cap of C$23.95 billion, a P/E ratio of 25.73 and a beta of 1.62. The firm has a fifty day moving average of C$82.02 and a two-hundred day moving average of C$95.02.

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

Lundin Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were paid a $0.91 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $3.64 annualized dividend and a dividend yield of 3.7%. Lundin Gold’s dividend payout ratio (DPR) 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.