Scotiabank Has Weak Estimate for Lundin Gold FY2026 Earnings

Lundin Gold Inc. (TSE:LUG) – Analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for shares of Lundin Gold in a report released on Tuesday, July 7th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $4.14 for the year, down from their previous forecast of $4.15. 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 $4.78 EPS.

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

A number of other research firms also recently weighed in on LUG. Jefferies Financial Group lowered their target price on Lundin Gold from C$90.00 to C$88.00 in a report on Monday. ATB Cormark Capital Markets raised shares of 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. Finally, Royal Bank Of Canada boosted their target price on shares of Lundin Gold from C$91.00 to C$113.00 in a research report on Thursday, March 12th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Lundin Gold has an average rating of “Hold” and an average price target of C$99.67.

Lundin Gold Stock Down 2.2%

Shares of LUG stock opened at C$80.03 on Wednesday. Lundin Gold has a 12-month low of C$62.55 and a 12-month high of C$130.98. The firm has a market cap of C$19.35 billion, a P/E ratio of 21.23 and a beta of 1.64. The business has a 50-day moving average price of C$84.92 and a two-hundred day moving average price of C$102.54.

Lundin Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $3.64 annualized dividend and a dividend yield of 4.5%. Lundin Gold’s dividend payout ratio (DPR) 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.