Overview
Lundin Gold Inc. is a Canadian-based precious metals mining company primarily engaged in the extraction, development, and operation of gold properties. Its flagship project is the Fruta del Norte gold mine located in southeastern Ecuador, which is one of the largest and highest-grade gold projects in the world. Since commencing production in 2019, Fruta del Norte has significantly contributed to Lundin Gold’s output and revenue, establishing the company as a key player in the global gold mining industry. Lundin Gold is committed to responsible mining practices and has implemented various environmental and social initiatives to ensure the sustainable development of its operations in Ecuador.
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Basic Stats
The share price of Lundin Gold Inc. as of June 11, 2024 is $13.98 / share. The market cap (or net worth) of Lundin Gold Inc. as of September 8, 2025 is $3,372.92 MM.
The Factor Analysis chart (below right) shows a view of Lundin Gold Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 3,372.92 MM |
| EV | 2,879.55 MM |
| Shares Out. | 241.27 MM |
| Earnings Date | |
| EPS (TTM) | 2.55 |
| Dividend Yield | |
| Ex-Dividend Date | 2025-09-10 |
| Borrow Rate | 0.27 |
| Short Shares Avail. | 0.00 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.10 % |
| Price Change (1 yr) | |
| Volatility (1 yr) | |
| Beta | |
| Sharpe Ratio (1 yr) | |
| Sortino Ratio (1 yr) |
| PE Ratio | 5.48 |
| Price/Book | 2.59 |
| Price/TBV | 2.59 |
| Book/Market | 0.39 |
| EBIT/EV | 0.22 |
| EBIT(3yr avg)/EV | 0.14 |
| ROA | 0.44 |
| ROE | 0.59 |
| ROIC | 0.47 |
| CROIC | 0.20 |
| OCROIC | 0.66 |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | |
| Profitability | |
| Quality Score | |
| Value Score | |
| Momentum Score | |
| Stability (Low Vol) Score | |
| Analyst Sentiment | |
| Fund Sentiment | |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | |
| QVM Score | |
| Piotroski F-SCORE |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Lundin Gold Inc. is $49.01. The forecasts range from a low of $25.44 to a high of $64.24. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Lundin Gold Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-12-20 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-12-12 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-12-05 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-12-05 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
| 2023-11-13 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-11-03 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-08-21 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-08-20 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-08-15 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-14 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-11 | IA CAPITAL MARKETS | Buy | Buy | Maintains |
| 2023-08-10 | IA CAPITAL MARKETS | Buy | Buy | Maintains |
| 2023-08-10 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
| 2023-08-09 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
| 2023-08-09 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-08-08 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-05-15 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2023-05-14 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2023-05-12 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
| 2023-05-11 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
| 2023-05-11 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-05-10 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-05-09 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-05-08 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-04-06 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-04-05 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2023-04-05 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-02-28 | IA CAPITAL MARKETS | Buy | Buy | Maintains |
| 2023-02-28 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-02-27 | IA CAPITAL MARKETS | Buy | Buy | Maintains |
| 2023-02-27 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-02-27 | HAYWOOD SECURITIES INC. | Hold | Buy | Upgrade |
| 2023-02-26 | HAYWOOD SECURITIES INC. | Hold | Buy | Upgrade |
| 2023-01-10 | STIFEL CANADA | Buy | Buy | Maintains |
| 2023-01-10 | HAYWOOD SECURITIES INC. | Buy | Hold | Downgrade |
| 2023-01-09 | STIFEL CANADA | Buy | Buy | Maintains |
| 2023-01-09 | HAYWOOD SECURITIES INC. | Buy | Hold | Downgrade |
| 2022-11-30 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-11-30 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-11-22 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-11-22 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-11-21 | Canaccord Capital | Buy | Maintains | |
| 2022-11-10 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2022-11-09 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2022-11-09 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
| 2022-11-09 | STA Research | Buy | Maintains | |
| 2022-11-09 | TD Research | Buy | Maintains | |
| 2022-11-09 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-11-09 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-11-08 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
| 2022-10-06 | STA Research | Buy | Maintains | |
| 2022-10-06 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-10-03 | National Bank of Canada Financial | Sector Perform | Maintains | |
| 2022-10-03 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-09-27 | STA Research | Buy | Maintains | |
| 2022-08-10 | STA Research | Buy | Reiterate | |
| 2022-08-10 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-08-10 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-07-21 | TD Research | Buy | Maintains | |
| 2022-07-07 | STA Research | Buy | Maintains | |
| 2022-07-07 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-07-07 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-05-04 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-04-12 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-04-12 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-02-28 | Scotiabank Capital | Outperform | Maintains | |
| 2022-02-24 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-02-17 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-01-17 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2022-01-16 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2022-01-11 | CIBC Capital Markets | Outperform | Maintains | |
| 2021-12-15 | Scotiabank Capital | Outperform | Maintains | |
| 2021-12-15 | ScotiaBankFinancial | Outperform | Maintains | |
| 2021-11-10 | DESJARDINS SECURITIES | Buy | Hold | Downgrade |
| 2021-11-09 | DESJARDINS SECURITIES | Buy | Hold | Downgrade |
| 2021-10-18 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2021-10-17 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2021-10-14 | CIBC World Markets | Outperform | Maintains | |
| 2021-10-14 | Sbank | Outperform | Initiate | |
| 2021-08-13 | National Bank Financial | Outperform | Sector Perform | Downgrade |
| 2021-08-13 | CIBC World Markets | Outperform | Maintains | |
| 2021-08-12 | CIBC World Markets | Outperform | Maintains | |
| 2021-08-12 | Sbank | Outperform | Initiate | |
| 2021-08-12 | TD Securities | Buy | Initiate | |
| 2021-08-11 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2021-08-10 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2021-07-14 | CIBC World Markets | Outperform | Maintains | |
| 2021-07-12 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2021-07-11 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2020-11-11 | Eight Capital | 16.75 | 17.75 | Upgrade |
| 2020-11-10 | Sbank | 15 | 17.5 | Upgrade |
| 2020-10-20 | TD Securities | Speculative Buy | Buy | Upgrade |
| 2020-10-14 | Eight Capital | 14.75 | 16.75 | Upgrade |
| 2020-09-11 | National Bank Financial | Sector Perform | Outperform | Upgrade |
| 2020-07-22 | National Bank Financial | Outperform | Sector Perform | Downgrade |
| 2020-07-20 | Eight Capital | 13.5 | 14.75 | Upgrade |
| 2020-07-09 | Haywood Securities | Hold | Buy | Upgrade |
| 2020-07-07 | CIBC World Markets | 14 | 15 | Upgrade |
| 2020-05-11 | CIBC World Markets | 13 | 14 | Upgrade |
| 2020-04-30 | National Bank Financial | Sector Perform | Outperform | Upgrade |
| 2020-04-21 | Eight Capital | 9 | 11.5 | Upgrade |
| 2020-04-01 | BMO Capital Markets | 14 | 13.5 | Downgrade |
| 2020-03-25 | National Bank Financial | Outperform | Sector Perform | Downgrade |
| 2020-03-24 | Haywood Securities | 12.5 | 9.5 | Downgrade |
| 2020-02-24 | Sbank | 8 | 8.5 | Upgrade |
| 2019-11-18 | National Bank Financial | Sector Perform | Outperform | Upgrade |
| 2019-10-16 | National Bank Financial | Sector Perform | Initiate | |
| 2019-09-11 | BMO Capital Markets | 8.5 | 14 | Upgrade |
| 2019-08-08 | Eight Capital | 6.25 | 9 | Upgrade |
| 2019-07-15 | CIBC World Markets | 6 | 7 | Upgrade |
| 2019-02-22 | GMP Securities | Buy | Reiterate | |
| 2018-09-20 | CIBC World Markets | 5.5 | 6 | Upgrade |
| 2018-09-06 | CIBC World Markets | 6 | 5.5 | Downgrade |
| 2018-08-14 | CIBC World Markets | Outperform | Neutral | Downgrade |
| 2018-03-28 | BMO Capital Markets | 7 | 6.75 | Downgrade |
| 2018-02-27 | Eight Capital | 7.3 | 6.9 | Downgrade |
| 2017-05-31 | BMO Capital Markets | Outperform | Maintains | |
| 2017-01-17 | Sbank | Outperform | Maintains | |
| 2016-11-23 | TD Securities | Speculative Buy | Maintains | |
| 2016-11-01 | CIBC World Markets | Outperform | Maintains | |
| 2016-08-17 | Sbank | Outperform | Maintains | |
| 2016-06-08 | Dundee Securities | Buy | Maintains | |
| 2016-06-07 | Sbank | Outperform | Maintains | |
| 2016-05-24 | RBC Capital | Outperform | Maintains | |
| 2015-12-08 | Haywood Securities | Buy | Initiate | |
| 2015-08-20 | BMO Capital Markets | Speculative Outperform | Initiate | |
| 2015-06-03 | National Bank Financial | Outperform | Maintains | |
| 2015-05-05 | RBC Capital | Outperform | Initiate | |
| 2015-03-24 | Paradigm Capital | Source of Funds | Initiate | |
| 2024-08-08 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2024-07-31 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2024-07-30 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-07-29 | TD COWEN | Buy | Buy | Maintains |
| 2024-07-23 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2024-07-14 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2024-07-09 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-07-08 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
| 2024-03-26 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-12-19 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-12-11 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2023-12-04 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-12-04 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
| 2023-11-12 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-11-02 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2025-04-02 | JEFFERIES | Hold | Hold | Maintains |
| 2025-04-01 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2025-04-01 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-02-25 | TD COWEN | Buy | Buy | Maintains |
| 2025-02-24 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2025-02-19 | CANACCORD GENUITY | Hold | Hold | Maintains |
| 2024-12-11 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-12-10 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2024-12-09 | CANACCORD GENUITY | Buy | Hold | Downgrade |
| 2024-12-09 | TD COWEN | Buy | Buy | Maintains |
| 2024-12-09 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2024-12-09 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-12-09 | HAYWOOD SECURITIES INC. | Buy | Hold | Downgrade |
| 2024-10-08 | CANACCORD GENUITY | Buy | Buy | Maintains |
| 2024-08-11 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2024-08-11 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2024-08-08 | HAYWOOD SECURITIES INC. | Buy | Buy | Maintains |
| 2025-07-16 | TD COWEN | Buy | Hold | Downgrade |
| 2025-07-15 | JEFFERIES | Hold | Hold | Maintains |
| 2025-07-09 | CANACCORD GENUITY | Hold | Hold | Maintains |
| 2025-07-08 | TD COWEN | Buy | Buy | Maintains |
| 2025-07-08 | DESJARDINS SECURITIES | Buy | Buy | Maintains |
| 2025-05-13 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-05-10 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2025-04-14 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
