Cormark Weighs in on Lundin Gold’s FY2026 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG) – Equities researchers at Cormark raised their FY2026 earnings per share estimates for Lundin Gold in a report issued on Monday, November 10th. Cormark analyst N. Dion now anticipates that the company will post earnings of $4.97 per share for the year, up from their prior estimate of $3.15. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share.

Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Lundin Gold from C$16.00 to C$28.00 in a research report on Friday, October 10th. TD Securities cut Lundin Gold from a “strong-buy” rating to a “hold” rating and lifted their price objective for the stock from C$65.00 to C$73.00 in a research report on Wednesday, July 16th. Raymond James Financial upped their target price on shares of Lundin Gold from C$65.00 to C$80.00 in a report on Friday, October 10th. Jefferies Financial Group raised their price target on shares of Lundin Gold from C$82.00 to C$97.00 in a research note on Friday, October 17th. Finally, Canaccord Genuity Group boosted their price objective on shares of Lundin Gold from C$60.00 to C$78.00 in a research report on Thursday, October 2nd. Ten equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of C$73.21.

Lundin Gold Stock Up 0.5%

Shares of Lundin Gold stock traded up C$0.52 during trading on Wednesday, hitting C$110.03. 16,010 shares of the company were exchanged, compared to its average volume of 810,789. Lundin Gold has a fifty-two week low of C$29.42 and a fifty-two week high of C$116.20. The stock has a market capitalization of C$26.56 billion, a price-to-earnings ratio of 38.88 and a beta of 1.35. The firm has a 50 day moving average price of C$94.61 and a 200 day moving average price of C$77.97.

Lundin Gold (TSE:LUG) last issued its earnings results on Friday, November 7th. The company reported C$0.86 earnings per share for the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. The company had revenue of C$622.58 million for the quarter.

Insider Activity

In other news, insider Sheila Margaret Colman sold 14,600 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of C$81.49, for a total value of C$1,189,754.00. Following the completion of the sale, the insider owned 37,068 shares of the company’s stock, valued at C$3,020,671.32. This represents a 28.26% decrease in their ownership of the stock. Also, insider Chester See sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of C$83.30, for a total value of C$1,666,000.00. Following the sale, the insider owned 132,571 shares in the company, valued at approximately C$11,043,164.30. The trade was a 13.11% decrease in their ownership of the stock. 58.72% of the stock is owned by corporate insiders.

Lundin Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.675 per share. This is a boost from Lundin Gold’s previous quarterly dividend of $0.21. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, September 10th. Lundin Gold’s payout ratio is presently 61.48%.

About Lundin Gold

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.