Desjardins Has Weak Estimate for Lundin Gold FY2026 Earnings

Lundin Gold Inc. (TSE:LUG) – Equities research analysts at Desjardins decreased their FY2026 earnings per share (EPS) estimates for Lundin Gold in a note issued to investors on Thursday, February 20th. Desjardins analyst A. Carson now anticipates that the company will post earnings of $3.00 per share for the year, down from their previous forecast of $3.05. Desjardins currently 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.

Several other equities analysts have also recently weighed in on LUG. Jefferies Financial Group cut shares of Lundin Gold from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. Scotiabank increased their price target on shares of Lundin Gold from C$30.00 to C$31.50 in a research report on Wednesday, January 15th. CIBC lifted their price target on shares of Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. BMO Capital Markets lowered Lundin Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada raised their target price on Lundin Gold from C$31.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.45.

Lundin Gold Stock Performance

Shares of TSE:LUG opened at C$40.76 on Monday. The stock’s 50-day simple moving average is C$34.92 and its two-hundred day simple moving average is C$32.10. The stock has a market capitalization of C$6.96 billion, a price-to-earnings ratio of 22.88 and a beta of 1.23. Lundin Gold has a 52-week low of C$15.24 and a 52-week high of C$41.49.

Insider Buying and Selling at Lundin Gold

In other Lundin Gold news, Director Pablo Mir sold 11,535 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of C$30.78, for a total transaction of C$355,001.16. Insiders own 58.72% of the company’s stock.

Lundin Gold Cuts Dividend

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

About Lundin Gold

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.